Squarepoint Ops LLC Has $7.09 Million Holdings in Clearway Energy, Inc. $CWEN

Squarepoint Ops LLC increased its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 276.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,332 shares of the company’s stock after acquiring an additional 152,292 shares during the quarter. Squarepoint Ops LLC owned about 0.10% of Clearway Energy worth $7,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Edgestream Partners L.P. acquired a new position in shares of Clearway Energy during the 1st quarter worth approximately $1,427,000. Sanctuary Advisors LLC boosted its stake in shares of Clearway Energy by 31.3% in the first quarter. Sanctuary Advisors LLC now owns 243,587 shares of the company’s stock valued at $9,571,000 after buying an additional 58,138 shares during the period. WINTON GROUP Ltd acquired a new stake in Clearway Energy during the fourth quarter worth approximately $759,000. Public Employees Retirement System of Ohio bought a new position in Clearway Energy during the 2nd quarter worth $1,229,000. Finally, Corient Private Wealth LLC raised its holdings in Clearway Energy by 156.8% in the 4th quarter. Corient Private Wealth LLC now owns 39,631 shares of the company’s stock valued at $1,318,000 after acquiring an additional 24,201 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley decreased their price target on Clearway Energy from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Clearway Energy from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Canadian Imperial Bank of Commerce set a $42.00 target price on shares of Clearway Energy in a report on Friday, July 17th. UBS Group boosted their target price on shares of Clearway Energy from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, Evercore reaffirmed a “positive” rating and set a $40.00 price target on shares of Clearway Energy in a report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $43.78.

Clearway Energy Trading Down 1.5%

Shares of CWEN opened at $31.58 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.02 and a current ratio of 1.11. Clearway Energy, Inc. has a 52-week low of $27.67 and a 52-week high of $41.74. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 41.55 and a beta of 0.87. The business’s fifty day moving average is $32.76 and its 200-day moving average is $36.52.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.76. Clearway Energy had a return on equity of 1.60% and a net margin of 5.78%.The business had revenue of $481.00 million during the quarter, compared to the consensus estimate of $473.92 million. Equities analysts anticipate that Clearway Energy, Inc. will post -0.5 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.0%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 1st. Clearway Energy’s dividend payout ratio (DPR) is currently 250.00%.

About Clearway Energy

Clearway Energy, Inc (NYSE: CWEN) is an independent power generation and energy infrastructure company that owns and operates a diversified portfolio of renewable and conventional energy assets in the United States. Its business is focused on producing electricity and selling energy, capacity and related services under long-term agreements with utilities, municipalities, commercial and industrial customers, and other counterparties.

The company’s renewable portfolio includes wind and solar generation facilities, along with battery storage assets.