Vanguard Personalized Indexing Management LLC Acquires 2,701 Shares of Clearway Energy, Inc. $CWEN

Vanguard Personalized Indexing Management LLC lifted its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,880 shares of the company’s stock after acquiring an additional 2,701 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Clearway Energy were worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Clearway Energy during the first quarter valued at approximately $280,000. M&T Bank Corp increased its position in shares of Clearway Energy by 75.8% during the first quarter. M&T Bank Corp now owns 25,225 shares of the company’s stock valued at $764,000 after acquiring an additional 10,878 shares in the last quarter. Cerity Partners LLC increased its position in shares of Clearway Energy by 488.1% during the first quarter. Cerity Partners LLC now owns 67,309 shares of the company’s stock valued at $2,037,000 after acquiring an additional 55,863 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Clearway Energy during the first quarter valued at approximately $314,000. Finally, Wealthquest Corp bought a new stake in shares of Clearway Energy during the first quarter valued at approximately $274,000. Institutional investors own 84.53% of the company’s stock.

Clearway Energy Price Performance

Shares of Clearway Energy stock opened at $31.68 on Friday. Clearway Energy, Inc. has a one year low of $24.40 and a one year high of $33.22. The stock’s fifty day moving average is $29.62 and its 200 day moving average is $30.18. The stock has a market cap of $6.40 billion, a P/E ratio of 48.73, a P/E/G ratio of 1.24 and a beta of 0.89. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.34 and a current ratio of 1.42.

Clearway Energy (NYSE:CWEN) last announced its earnings results on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39). Clearway Energy had a return on equity of 1.37% and a net margin of 5.31%.The company had revenue of $392.00 million during the quarter, compared to the consensus estimate of $428.33 million. During the same period in the prior year, the business posted $0.43 earnings per share. Clearway Energy’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.4456 per share. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, September 2nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.6%. Clearway Energy’s dividend payout ratio is presently 273.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CWEN shares. Evercore ISI started coverage on shares of Clearway Energy in a report on Monday, October 6th. They issued an “in-line” rating and a $34.00 target price on the stock. Jefferies Financial Group raised their target price on shares of Clearway Energy from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada started coverage on shares of Clearway Energy in a report on Wednesday, October 8th. They issued an “outperform” rating and a $36.00 target price 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. Finally, Wall Street Zen cut shares of Clearway Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.29.

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.