16,134 Clearway Energy, Inc. $CWEN Shares Bought by Measured Risk Portfolios Inc.

Measured Risk Portfolios Inc. lifted its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 25.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,733 shares of the company’s stock after purchasing an additional 16,134 shares during the quarter. Clearway Energy makes up about 2.0% of Measured Risk Portfolios Inc.’s holdings, making the stock its 13th biggest position. Measured Risk Portfolios Inc.’s holdings in Clearway Energy were worth $2,305,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in shares of Clearway Energy by 0.9% during the 1st quarter. Pacer Advisors Inc. now owns 844,221 shares of the company’s stock valued at $33,169,000 after purchasing an additional 7,215 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Clearway Energy by 12.9% in the 2nd quarter. Baird Financial Group Inc. now owns 296,250 shares of the company’s stock valued at $10,126,000 after purchasing an additional 33,922 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Clearway Energy by 31.3% in the first quarter. Sanctuary Advisors LLC now owns 243,587 shares of the company’s stock worth $9,571,000 after purchasing an additional 58,138 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Clearway Energy by 276.7% in the second quarter. Squarepoint Ops LLC now owns 207,332 shares of the company’s stock worth $7,087,000 after purchasing an additional 152,292 shares in the last quarter. Finally, Castellan Group boosted its holdings in Clearway Energy by 9.2% in the first quarter. Castellan Group now owns 142,230 shares of the company’s stock worth $5,588,000 after purchasing an additional 11,988 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Price Performance

Shares of Clearway Energy stock opened at $31.68 on Thursday. The firm has a fifty day simple moving average of $31.10 and a 200-day simple moving average of $34.77. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 1.55. Clearway Energy, Inc. has a 1-year low of $28.57 and a 1-year high of $41.74. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 41.69 and a beta of 0.88.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.76. Clearway Energy had a net margin of 5.78% and a return on equity of 1.60%. The business had revenue of $481.00 million during the quarter, compared to the consensus estimate of $473.92 million. On average, sell-side analysts expect that Clearway Energy, Inc. will post -0.37 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.4750 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.90 dividend on an annualized basis and a yield of 6.0%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.4676. Clearway Energy’s dividend payout ratio (DPR) is presently 250.00%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research raised shares of Clearway Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday. Seaport Research Partners cut their target price on Clearway Energy from $41.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Morgan Stanley reduced their price target on Clearway Energy from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday. Wall Street Zen upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings downgraded Clearway Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $42.00.

Clearway Energy Company Profile

Clearway Energy, Inc (NYSE:CWEN) owns and operates a diversified portfolio of renewable and conventional energy assets in the United States. Its generating facilities produce electricity for utilities, commercial customers and other power purchasers under long-term agreements.

The company’s renewable energy operations include wind and utility-scale solar facilities, while its conventional power portfolio includes natural-gas generation and other dispatchable assets. Clearway also owns district energy systems that provide services such as electricity, steam and chilled water to customers in select markets.

Clearway Energy was established in 2013 as NRG Yield and adopted its current name in 2018.