1,308,635 Shares in Clearway Energy, Inc. (NYSE:CWEN) Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. acquired a new stake in Clearway Energy, Inc. (NYSE:CWEN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,308,635 shares of the company’s stock, valued at approximately $32,310,000. 1832 Asset Management L.P. owned about 0.65% of Clearway Energy as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CWEN. Scarborough Advisors LLC acquired a new position in shares of Clearway Energy during the fourth quarter worth approximately $25,000. Mather Group LLC. acquired a new position in Clearway Energy during the 1st quarter worth $37,000. Abich Financial Wealth Management LLC lifted its holdings in Clearway Energy by 49.8% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock worth $43,000 after buying an additional 625 shares in the last quarter. Whittier Trust Co. boosted its position in Clearway Energy by 33.8% in the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock valued at $50,000 after buying an additional 512 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Clearway Energy in the 1st quarter valued at $228,000. Institutional investors own 38.03% of the company’s stock.

Clearway Energy Stock Up 1.1 %

Shares of NYSE:CWEN opened at $29.93 on Tuesday. The company has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $25.80. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.37 and a current ratio of 1.46. The company has a market capitalization of $6.05 billion, a PE ratio of 45.34, a PEG ratio of 2.24 and a beta of 0.86. Clearway Energy, Inc. has a 52 week low of $18.59 and a 52 week high of $29.99.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.23). The firm had revenue of $366.00 million during the quarter, compared to the consensus estimate of $424.59 million. Clearway Energy had a net margin of 7.21% and a return on equity of 1.80%. Clearway Energy’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Analysts forecast that Clearway Energy, Inc. will post 0.9 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.417 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.57%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.41. Clearway Energy’s dividend payout ratio (DPR) is currently 251.52%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CWEN shares. Roth Mkm reaffirmed a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Clearway Energy in a research note on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Clearway Energy in a research note on Friday. They issued a “buy” rating and a $35.00 target price on the stock. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Morgan Stanley upgraded shares of Clearway Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $36.00 in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.71.

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.