64,612 Shares in Clearway Energy, Inc. (NYSE:CWEN) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of Clearway Energy, Inc. (NYSE:CWEN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 64,612 shares of the company’s stock, valued at approximately $1,595,000.

Several other large investors have also modified their holdings of the company. Apollo Management Holdings L.P. boosted its holdings in Clearway Energy by 38.4% in the 1st quarter. Apollo Management Holdings L.P. now owns 1,645,296 shares of the company’s stock valued at $37,924,000 after purchasing an additional 456,197 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Clearway Energy in the 2nd quarter valued at $32,310,000. Point72 Asset Management L.P. raised its stake in shares of Clearway Energy by 60.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,016,837 shares of the company’s stock valued at $25,106,000 after buying an additional 384,837 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Clearway Energy by 4.3% in the 4th quarter. First Trust Advisors LP now owns 912,578 shares of the company’s stock valued at $25,032,000 after buying an additional 38,032 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Clearway Energy by 144.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 430,269 shares of the company’s stock valued at $10,623,000 after buying an additional 254,486 shares in the last quarter. 38.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports 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. Roth Mkm reiterated a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of Clearway Energy in a research report on Friday, August 2nd. BNP Paribas began coverage on shares of Clearway Energy in a research report on Tuesday. They issued an “outperform” rating and a $36.00 price objective for the company. Jefferies Financial Group began coverage on shares of Clearway Energy in a research report on Friday, September 20th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Morgan Stanley upgraded shares of Clearway Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $25.00 to $36.00 in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Clearway Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Clearway Energy Stock Up 0.2 %

Shares of NYSE:CWEN opened at $30.75 on Wednesday. Clearway Energy, Inc. has a one year low of $18.59 and a one year high of $30.92. The company has a 50 day moving average of $28.45 and a 200-day moving average of $26.10. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.46 and a quick ratio of 1.37. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 46.58, a P/E/G ratio of 2.52 and a beta of 0.86.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.23). Clearway Energy had a return on equity of 1.80% and a net margin of 7.21%. The business had revenue of $366.00 million for the quarter, compared to analyst estimates of $424.59 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. On average, sell-side analysts forecast that Clearway Energy, Inc. will post 0.85 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued 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 yield of 5.42%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.41. Clearway Energy’s payout ratio is currently 251.52%.

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.