Dynamic Technology Lab Private Ltd Decreases Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Dynamic Technology Lab Private Ltd trimmed its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,639 shares of the company’s stock after selling 1,918 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Clearway Energy were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boxwood Ventures Inc. purchased a new position in shares of Clearway Energy in the fourth quarter worth about $361,000. Duff & Phelps Investment Management Co. grew its stake in Clearway Energy by 23.4% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 34,238 shares of the company’s stock valued at $890,000 after acquiring an additional 6,488 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Clearway Energy in the fourth quarter worth $31,000. Fox Run Management L.L.C. bought a new position in Clearway Energy in the 4th quarter worth about $248,000. Finally, Quantbot Technologies LP boosted its position in shares of Clearway Energy by 206.7% during the 4th quarter. Quantbot Technologies LP now owns 54,297 shares of the company’s stock valued at $1,412,000 after acquiring an additional 36,592 shares during the last quarter. Institutional investors own 84.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CWEN shares. Roth Mkm reiterated a “buy” rating and issued a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Clearway Energy in a report on Tuesday, March 25th. They set a “buy” rating and a $38.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Clearway Energy currently has an average rating of “Moderate Buy” and a consensus price target of $34.71.

Clearway Energy Price Performance

CWEN opened at $27.33 on Tuesday. 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 stock’s 50 day simple moving average is $27.88 and its 200 day simple moving average is $27.61. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.75 and a beta of 0.85. Clearway Energy, Inc. has a 1 year low of $21.72 and a 1 year high of $31.09.

Clearway Energy (NYSE:CWEN) last issued its earnings results on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $256.00 million during the quarter, compared to the consensus estimate of $299.73 million. As a group, analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.4312 per share. This represents a $1.72 annualized dividend and a dividend yield of 6.31%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Clearway Energy’s dividend payout ratio is 229.33%.

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.