WINTON GROUP Ltd Makes New Investment in Clearway Energy, Inc. $CWEN

WINTON GROUP Ltd acquired a new position in shares of Clearway Energy, Inc. (NYSE:CWEN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,810 shares of the company’s stock, valued at approximately $759,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in Clearway Energy by 280.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 956 shares of the company’s stock worth $27,000 after buying an additional 705 shares during the last quarter. National Bank of Canada FI boosted its stake in Clearway Energy by 201.9% during the third quarter. National Bank of Canada FI now owns 975 shares of the company’s stock worth $28,000 after buying an additional 652 shares during the last quarter. Huntington National Bank boosted its stake in Clearway Energy by 92.4% during the fourth quarter. Huntington National Bank now owns 858 shares of the company’s stock worth $29,000 after buying an additional 412 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Clearway Energy by 94.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,235 shares of the company’s stock worth $41,000 after buying an additional 600 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Clearway Energy during the second quarter worth $43,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Stock Performance

Shares of Clearway Energy stock opened at $37.45 on Thursday. Clearway Energy, Inc. has a 52 week low of $27.67 and a 52 week high of $41.74. The business’s fifty day simple moving average is $39.27 and its 200-day simple moving average is $37.30. The firm has a market cap of $7.69 billion, a PE ratio of 936.46 and a beta of 0.86. The company has a quick ratio of 1.02, a current ratio of 1.11 and a debt-to-equity ratio of 1.55.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.90). Clearway Energy had a net margin of 0.13% and a return on equity of 0.04%. The business had revenue of $354.00 million during the quarter, compared to analyst estimates of $340.75 million. Equities analysts forecast that Clearway Energy, Inc. will post -0.87 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.4676 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.87 annualized dividend and a dividend yield of 5.0%. Clearway Energy’s dividend payout ratio is currently 4,675.00%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group set a $45.00 price objective on Clearway Energy in a research note on Tuesday, February 24th. Weiss Ratings lowered Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Morgan Stanley boosted their price objective on Clearway Energy from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on Clearway Energy in a research note on Thursday, April 9th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of Clearway Energy in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Clearway Energy 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.