Jefferies Financial Group Inc. Purchases Shares of 29,895 Clearway Energy, Inc. $CWEN

Jefferies Financial Group Inc. purchased a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,895 shares of the company’s stock, valued at approximately $994,000.

Several other hedge funds have also modified their holdings of the company. Foresight Group Ltd Liability Partnership raised its position in shares of Clearway Energy by 18.6% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 418,235 shares of the company’s stock valued at $11,815,000 after purchasing an additional 65,522 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Clearway Energy by 23.6% in the 4th quarter. Sanctuary Advisors LLC now owns 185,449 shares of the company’s stock valued at $6,168,000 after purchasing an additional 35,468 shares during the last quarter. Maven Securities LTD raised its position in shares of Clearway Energy by 1,285.4% in the 3rd quarter. Maven Securities LTD now owns 144,082 shares of the company’s stock valued at $4,070,000 after purchasing an additional 133,682 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Clearway Energy by 8.8% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 625,000 shares of the company’s stock valued at $17,656,000 after purchasing an additional 50,344 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co purchased a new position in shares of Clearway Energy in the 3rd quarter valued at approximately $805,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CWEN. UBS Group set a $45.00 price objective on shares of Clearway Energy in a research report on Tuesday, February 24th. Zacks Research lowered shares of Clearway Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings lowered shares of Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on shares of Clearway Energy in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada increased their price objective on shares of Clearway Energy from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Clearway Energy Price Performance

Shares of NYSE CWEN opened at $40.65 on Friday. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 1,016.60 and a beta of 0.87. Clearway Energy, Inc. has a 12 month low of $27.67 and a 12 month high of $41.60. The firm’s 50 day simple moving average is $39.09 and its 200-day simple moving average is $37.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.11 and a quick ratio of 1.02.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.90). The firm had revenue of $354.00 million for the quarter, compared to analyst estimates of $340.75 million. Clearway Energy had a return on equity of 0.04% and a net margin of 0.13%. Analysts expect that Clearway Energy, Inc. will post -0.41 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.4676 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.46. Clearway Energy’s dividend payout ratio is 4,600.00%.

Clearway Energy Company Profile

Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.