Tudor Investment Corp ET AL Has $4.31 Million Position in Clearway Energy, Inc. $CWEN

Tudor Investment Corp ET AL raised its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 253.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP lifted its stake 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 in the last quarter. RWC Asset Management LLP increased its position in shares of Clearway Energy by 12.2% during the third quarter. RWC Asset Management LLP now owns 745,537 shares of the company’s stock worth $21,061,000 after acquiring an additional 81,349 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings 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 worth $17,656,000 after acquiring an additional 50,344 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of Clearway Energy by 0.3% in the 3rd quarter. Aberdeen Group plc now owns 580,307 shares of the company’s stock worth $16,463,000 after acquiring an additional 1,807 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Clearway Energy by 1.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 435,054 shares of the company’s stock valued at $12,290,000 after acquiring an additional 5,142 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearway Energy in a research note on Wednesday, January 21st. Wall Street Zen downgraded Clearway Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 28th. Royal Bank Of Canada raised their target price on Clearway Energy from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Zacks Research downgraded Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Canadian Imperial Bank of Commerce raised Clearway Energy from a “neutral” rating to a “sector outperform” rating and increased their price target for the company from $37.00 to $38.00 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Clearway Energy Stock Down 0.3%

Clearway Energy stock opened at $39.15 on Thursday. Clearway Energy, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $41.51. The stock has a market cap of $8.03 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 2.71 and a beta of 0.95. The firm’s 50-day simple moving average is $38.07 and its 200 day simple moving average is $34.37. 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 issued its quarterly earnings data on Monday, February 23rd. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.68). Clearway Energy had a return on equity of 3.01% and a net margin of 11.83%.The firm 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) earnings per share. Research analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.4602 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, March 2nd. Clearway Energy’s dividend payout ratio is currently 129.58%.

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.