Clearway Energy, Inc. $CWEN Holdings Raised by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 253.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 152,549 shares of the company’s stock after purchasing an additional 109,404 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Clearway Energy were worth $4,310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CWEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Clearway Energy by 12.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,333 shares of the company’s stock valued at $1,070,000 after buying an additional 3,787 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Clearway Energy by 140.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,818 shares of the company’s stock valued at $218,000 after buying an additional 3,982 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Clearway Energy during the 2nd quarter valued at about $215,000. Cerity Partners LLC grew its position in shares of Clearway Energy by 1.8% during the 2nd quarter. Cerity Partners LLC now owns 68,489 shares of the company’s stock valued at $2,192,000 after buying an additional 1,180 shares during the last quarter. Finally, Ardsley Advisory Partners LP grew its position in shares of Clearway Energy by 10.0% during the 2nd quarter. Ardsley Advisory Partners LP now owns 55,000 shares of the company’s stock valued at $1,760,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 84.53% of the company’s stock.

Clearway Energy Trading Up 0.6%

NYSE:CWEN opened at $40.82 on Friday. Clearway Energy, Inc. has a 1 year low of $26.97 and a 1 year high of $41.51. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.80 and a beta of 0.91. The business has a fifty day moving average of $38.88 and a 200-day moving average of $35.20. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.06 and a current ratio of 1.13.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings results on Monday, February 23rd. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.68). Clearway Energy had a return on equity of 3.01% and a net margin of 11.83%.The business had revenue of $310.00 million during the quarter, compared to the consensus estimate of $334.42 million. During the same period in the previous year, the company posted ($0.41) EPS. Equities analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.4602 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.5%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, March 2nd. Clearway Energy’s payout ratio is 129.58%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CWEN. UBS Group set a $45.00 price objective on shares of Clearway Energy in a research report on Tuesday, February 24th. Canadian Imperial Bank of Commerce upgraded Clearway Energy from a “neutral” rating to a “sector outperform” rating and upped their price objective for the stock from $37.00 to $38.00 in a research note on Tuesday, December 16th. Roth Mkm restated a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Clearway Energy in a research note on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of Clearway Energy in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada upped their price objective on Clearway Energy from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.50.

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.