WINTON GROUP Ltd Acquires New Stake in Clearway Energy, Inc. $CWEN

WINTON GROUP Ltd acquired a new stake in Clearway Energy, Inc. (NYSE:CWEN) during the 4th quarter, Holdings Channel.com reports. The firm acquired 22,810 shares of the company’s stock, valued at approximately $759,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank raised its holdings in shares of Clearway Energy by 92.4% in the 4th quarter. Huntington National Bank now owns 858 shares of the company’s stock valued at $29,000 after buying an additional 412 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Clearway Energy by 280.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 956 shares of the company’s stock valued at $27,000 after buying an additional 705 shares during the period. National Bank of Canada FI raised its holdings in shares of Clearway Energy by 201.9% in the 3rd quarter. National Bank of Canada FI now owns 975 shares of the company’s stock valued at $28,000 after buying an additional 652 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Clearway Energy by 94.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,235 shares of the company’s stock valued at $41,000 after buying an additional 600 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Clearway Energy in the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Analysts Set New Price Targets

CWEN has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price objective on Clearway Energy from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Roth Mkm reiterated a “buy” rating and issued a $45.00 price objective (up from $40.00) on shares of Clearway Energy in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft set a $41.00 price objective on Clearway Energy in a report on Thursday, April 9th. Wall Street Zen upgraded Clearway Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Morgan Stanley increased their price objective on Clearway Energy from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Clearway Energy Stock Down 3.8%

Shares of NYSE CWEN opened at $37.45 on Thursday. The stock 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, Inc. has a 52-week low of $27.67 and a 52-week high of $41.74. The business has a 50-day moving average price of $39.27 and a 200 day moving average price of $37.30.

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

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given 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 dividend on an annualized basis and a dividend yield of 5.0%. Clearway Energy’s payout ratio is currently 4,675.00%.

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.