Capula Management Ltd Invests $4.65 Million in Clearway Energy, Inc. $CWEN

Capula Management Ltd acquired a new stake in Clearway Energy, Inc. (NYSE:CWEN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 164,468 shares of the company’s stock, valued at approximately $4,646,000. Capula Management Ltd owned approximately 0.08% of Clearway Energy at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 worth $13,757,000 after purchasing an additional 394,579 shares during the period. Synergy Asset Management LLC bought a new position in Clearway Energy during the 3rd quarter valued at $6,473,000. Westwood Holdings Group Inc. acquired a new position in shares of Clearway Energy during the 2nd quarter valued at $2,693,000. Nordea Investment Management AB raised its stake in shares of Clearway Energy by 33.6% in the 3rd quarter. Nordea Investment Management AB now owns 328,235 shares of the company’s stock worth $9,250,000 after buying an additional 82,621 shares in the last quarter. Finally, RWC Asset Management LLP raised its stake in shares of Clearway Energy by 12.2% in the 3rd quarter. RWC Asset Management LLP now owns 745,537 shares of the company’s stock worth $21,061,000 after buying an additional 81,349 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Trading Up 0.5%

Shares of CWEN opened at $38.23 on Friday. The business’s 50-day moving average price is $37.06 and its 200 day moving average price is $33.82. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $7.85 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.66 and a beta of 0.95. Clearway Energy, Inc. has a 1-year low of $25.63 and a 1-year high of $41.51.

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

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.4602 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 4.8%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.45. Clearway Energy’s dividend payout ratio (DPR) is 129.58%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CWEN. Canadian Imperial Bank of Commerce raised Clearway Energy from a “neutral” rating to a “sector outperform” rating and raised their target price for the company from $37.00 to $38.00 in a research note on Tuesday, December 16th. UBS Group set a $45.00 price target on shares of Clearway Energy in a research report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Clearway Energy in a report on Wednesday, January 21st. 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 report on Tuesday, February 24th. Finally, Zacks Research cut shares of Clearway Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.14.

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.