Clearway Energy, Inc. $CWEN Position Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 25.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,794 shares of the company’s stock after selling 46,520 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of Clearway Energy worth $4,473,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Hilltop National Bank bought a new position in shares of Clearway Energy during the second quarter worth about $35,000. SBI Securities Co. Ltd. raised its stake in Clearway Energy by 48.8% during the first quarter. SBI Securities Co. Ltd. now owns 2,944 shares of the company’s stock valued at $89,000 after buying an additional 966 shares in the last quarter. Wealthspire Advisors LLC bought a new position in Clearway Energy during the 1st quarter worth approximately $206,000. James Investment Research Inc. acquired a new position in shares of Clearway Energy in the 1st quarter worth approximately $227,000. Finally, Intrust Bank NA bought a new stake in shares of Clearway Energy in the 1st quarter valued at approximately $250,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Stock Up 0.8%

Clearway Energy stock opened at $35.31 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.44 and a current ratio of 1.54. Clearway Energy, Inc. has a one year low of $24.40 and a one year high of $35.75. The company has a 50-day simple moving average of $30.52 and a 200-day simple moving average of $30.69. The firm has a market capitalization of $7.14 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.83 and a beta of 0.93.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $0.32 by $1.68. Clearway Energy had a net margin of 20.07% and a return on equity of 4.96%. The firm had revenue of $429.00 million for the quarter, compared to the consensus estimate of $427.72 million. During the same period last year, the firm posted $0.31 EPS. Clearway Energy’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, equities analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.4528 per share. This is a boost from Clearway Energy’s previous quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, December 1st. Clearway Energy’s payout ratio is presently 76.07%.

Analyst Ratings Changes

CWEN has been the topic of several research analyst reports. Royal Bank Of Canada began coverage on Clearway Energy in a research note on Wednesday, October 8th. They set an “outperform” rating and a $36.00 price objective on the stock. Cibc World Mkts cut shares of Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Jefferies Financial Group raised their price target on shares of Clearway Energy from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. CIBC boosted their price objective on shares of Clearway Energy from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Clearway Energy in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.71.

About Clearway Energy

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.