9,022 Shares in Clearway Energy, Inc. (NYSE:CWEN) Bought by Stifel Financial Corp

Stifel Financial Corp bought a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,022 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its stake in shares of Clearway Energy by 107.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 47,931 shares of the company’s stock valued at $1,183,000 after purchasing an additional 24,864 shares during the period. Verus Capital Partners LLC bought a new stake in Clearway Energy during the 2nd quarter valued at $346,000. Ballentine Partners LLC raised its stake in Clearway Energy by 8.5% during the 2nd quarter. Ballentine Partners LLC now owns 15,253 shares of the company’s stock valued at $377,000 after acquiring an additional 1,189 shares in the last quarter. American Century Companies Inc. boosted its position in Clearway Energy by 726.3% during the 2nd quarter. American Century Companies Inc. now owns 171,321 shares of the company’s stock worth $4,230,000 after acquiring an additional 150,588 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in shares of Clearway Energy by 6.2% in the second quarter. Meeder Asset Management Inc. now owns 34,414 shares of the company’s stock worth $850,000 after purchasing an additional 2,002 shares in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWEN has been the subject of several research analyst reports. CIBC upped their price objective on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. BNP Paribas began coverage on shares of Clearway Energy in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $36.00 price target for the company. StockNews.com lowered shares of Clearway Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 30th. Finally, Jefferies Financial Group started coverage on Clearway Energy in a research report on Friday, September 20th. They issued a “buy” rating and a $35.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Clearway Energy currently has a consensus rating of “Moderate Buy” and an average price target of $33.13.

Insider Activity at Clearway Energy

In related news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the transaction, the director now directly owns 8,153 shares of the company’s stock, valued at approximately $218,011.22. This represents a 19.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

Clearway Energy Price Performance

Clearway Energy stock opened at $26.14 on Monday. The business’s fifty day moving average is $27.52 and its two-hundred day moving average is $27.51. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The firm has a market cap of $5.28 billion, a P/E ratio of 25.13, a P/E/G ratio of 1.24 and a beta of 0.86. Clearway Energy, Inc. has a 52 week low of $20.63 and a 52 week high of $30.92.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company had revenue of $486.00 million for the quarter, compared to analyst estimates of $417.55 million. During the same quarter last year, the company earned $0.03 EPS. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. Equities research analysts forecast that Clearway Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.424 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.49%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, December 2nd. Clearway Energy’s payout ratio is 162.50%.

Clearway Energy 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.