Clearway Energy, Inc. (NYSE:CWEN) Stake Raised by Principal Street Partners LLC

Principal Street Partners LLC boosted its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,400 shares of the company’s stock after acquiring an additional 3,606 shares during the quarter. Principal Street Partners LLC owned 0.10% of Clearway Energy worth $5,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mascoma Wealth Management LLC purchased a new stake in shares of Clearway Energy in the fourth quarter worth approximately $28,000. New Age Alpha Advisors LLC acquired a new position in Clearway Energy in the 4th quarter valued at approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in Clearway Energy in the 4th quarter worth approximately $51,000. Quarry LP boosted its stake in shares of Clearway Energy by 48.6% during the 4th quarter. Quarry LP now owns 5,454 shares of the company’s stock valued at $142,000 after buying an additional 1,783 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Clearway Energy during the 4th quarter valued at $166,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Clearway Energy Trading Up 0.8%

Clearway Energy stock opened at $30.60 on Tuesday. Clearway Energy, Inc. has a one year low of $24.02 and a one year high of $31.09. The company’s fifty day moving average price is $29.10 and its two-hundred day moving average price is $27.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.75 and a beta of 0.89.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.28. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $298.00 million for the quarter, compared to analyst estimates of $305.74 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts forecast that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.4384 per share. This represents a $1.75 annualized dividend and a yield of 5.73%. The ex-dividend date is Monday, June 2nd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.43. Clearway Energy’s dividend payout ratio (DPR) is 218.75%.

Analyst Ratings Changes

Several analysts recently issued reports on CWEN shares. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a report on Tuesday, March 25th. They set a “buy” rating and a $38.00 price objective for the company. Roth Mkm reiterated a “buy” rating and set a $34.00 price target (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Finally, StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Clearway Energy currently has an average rating of “Moderate Buy” and an average target price of $35.50.

Clearway Energy Company 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.