Northside Capital Management LLC Has $4.67 Million Stock Position in Clearway Energy, Inc. $CWEN

Northside Capital Management LLC lowered its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 40.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,432 shares of the company’s stock after selling 111,052 shares during the quarter. Northside Capital Management LLC owned 0.08% of Clearway Energy worth $4,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Clearway Energy by 1,116.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 429,912 shares of the company’s stock valued at $13,757,000 after buying an additional 394,579 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of Clearway Energy by 79.1% during the first quarter. Gotham Asset Management LLC now owns 814,841 shares of the company’s stock worth $24,665,000 after purchasing an additional 359,876 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Clearway Energy by 325.3% during the second quarter. Nordea Investment Management AB now owns 245,614 shares of the company’s stock worth $7,747,000 after purchasing an additional 187,861 shares during the period. Westwood Holdings Group Inc. purchased a new position in Clearway Energy during the second quarter valued at approximately $2,693,000. Finally, First Trust Advisors LP increased its stake in Clearway Energy by 3.7% in the 2nd quarter. First Trust Advisors LP now owns 2,171,301 shares of the company’s stock valued at $69,482,000 after buying an additional 77,595 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CWEN. Evercore ISI started coverage on shares of Clearway Energy in a research note on Monday, October 6th. They set an “in-line” rating and a $34.00 target price for the company. Royal Bank Of Canada started coverage on Clearway Energy in a report on Wednesday, October 8th. They issued an “outperform” rating and a $36.00 price objective on the stock. Wall Street Zen upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Roth Capital boosted their target price on shares of Clearway Energy from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, November 24th. Finally, CIBC upgraded shares of Clearway Energy from a “neutral” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.25.

Clearway Energy Stock Down 1.0%

CWEN opened at $32.40 on Wednesday. The firm has a market cap of $6.60 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 0.38 and a beta of 0.95. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.44 and a current ratio of 1.54. The business has a 50 day moving average price of $33.62 and a 200 day moving average price of $31.65. Clearway Energy, Inc. has a twelve month low of $24.40 and a twelve month high of $36.89.

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

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.4528 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 1st. This represents a $1.81 annualized dividend and a yield of 5.6%. Clearway Energy’s payout ratio is 77.35%.

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.