Northside Capital Management LLC Sells 111,052 Shares of Clearway Energy, Inc. $CWEN

Northside Capital Management LLC lowered its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 40.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 165,432 shares of the company’s stock after selling 111,052 shares during the quarter. Northside Capital Management LLC’s holdings in Clearway Energy were worth $4,673,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CWEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Clearway Energy by 1,116.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 429,912 shares of the company’s stock valued at $13,757,000 after acquiring an additional 394,579 shares during the period. Gotham Asset Management LLC increased its stake in Clearway Energy by 79.1% during the first quarter. Gotham Asset Management LLC now owns 814,841 shares of the company’s stock valued at $24,665,000 after acquiring an additional 359,876 shares during the period. Nordea Investment Management AB boosted its stake in Clearway Energy by 325.3% during the second quarter. Nordea Investment Management AB now owns 245,614 shares of the company’s stock worth $7,747,000 after buying an additional 187,861 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in Clearway Energy in the 2nd quarter valued at $2,693,000. Finally, First Trust Advisors LP raised its holdings in shares of Clearway Energy by 3.7% in the second quarter. First Trust Advisors LP now owns 2,171,301 shares of the company’s stock valued at $69,482,000 after buying an additional 77,595 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Clearway Energy Trading Down 1.0%

Shares of NYSE CWEN opened at $32.40 on Wednesday. Clearway Energy, Inc. has a twelve month low of $24.40 and a twelve month high of $36.89. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.41. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 0.38 and a beta of 0.95. The company’s fifty day moving average is $33.62 and its 200-day moving average is $31.65.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $1.68. The company had revenue of $429.00 million during the quarter, compared to the consensus estimate of $427.72 million. Clearway Energy had a net margin of 20.07% and a return on equity of 4.96%. The firm’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Equities research analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.4528 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.6%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 1st. Clearway Energy’s dividend payout ratio is presently 77.35%.

Analyst Ratings Changes

CWEN has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearway Energy in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating and issued a $39.00 price objective on shares of Clearway Energy in a research report on Wednesday, December 10th. Wall Street Zen raised Clearway Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Roth Capital upped their price target on Clearway Energy from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, November 24th. Finally, Evercore ISI started coverage on Clearway Energy in a research report on Monday, October 6th. They issued an “in-line” rating and a $34.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.25.

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.