Silvercrest Asset Management Group LLC Decreases Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Silvercrest Asset Management Group LLC trimmed its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,634 shares of the company’s stock after selling 1,445 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Clearway Energy were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new position in shares of Clearway Energy in the fourth quarter worth approximately $28,000. New Age Alpha Advisors LLC bought a new position in Clearway Energy in the fourth quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new position in Clearway Energy in the fourth quarter worth approximately $51,000. Quarry LP boosted its stake in shares of Clearway Energy by 48.6% during the 4th quarter. Quarry LP now owns 5,454 shares of the company’s stock worth $142,000 after acquiring an additional 1,783 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Clearway Energy during the 4th quarter valued at $166,000. 84.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CWEN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Clearway Energy in a research note on Tuesday, March 25th. They issued a “buy” rating and a $38.00 price objective for the company. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Clearway Energy Stock Down 0.1%

Shares of CWEN stock opened at $30.58 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. Clearway Energy, Inc. has a one year low of $24.02 and a one year high of $31.09. The company’s fifty day moving average price is $29.13 and its 200-day moving average price is $27.73. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.75 and a beta of 0.89.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.28. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $298.00 million during the quarter, compared to analyst estimates of $305.74 million. During the same quarter in the prior year, the business posted ($0.02) EPS. Clearway Energy’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.4384 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.75 annualized dividend and a dividend yield of 5.73%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.43. Clearway Energy’s dividend payout ratio (DPR) is currently 218.75%.

Clearway Energy Company Profile

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.