Maven Securities LTD Cuts Stock Holdings in Clearway Energy, Inc. $CWEN

Maven Securities LTD decreased its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 58.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,792 shares of the company’s stock after selling 84,290 shares during the period. Maven Securities LTD’s holdings in Clearway Energy were worth $1,989,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CWEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Clearway Energy by 12.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,333 shares of the company’s stock valued at $1,070,000 after purchasing an additional 3,787 shares during the period. Jump Financial LLC purchased a new position in Clearway Energy during the 2nd quarter valued at about $215,000. Cerity Partners LLC increased its position in Clearway Energy by 1.8% during the 2nd quarter. Cerity Partners LLC now owns 68,489 shares of the company’s stock valued at $2,192,000 after purchasing an additional 1,180 shares during the period. Brevan Howard Capital Management LP increased its position in Clearway Energy by 233.7% during the 2nd quarter. Brevan Howard Capital Management LP now owns 45,896 shares of the company’s stock valued at $1,469,000 after purchasing an additional 32,144 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new position in Clearway Energy during the 2nd quarter valued at about $2,352,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CWEN shares. Wall Street Zen raised shares of Clearway Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada lifted their price objective on shares of Clearway Energy from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Morgan Stanley lifted their price objective on shares of Clearway Energy from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Finally, UBS Group set a $45.00 price objective on shares of Clearway Energy in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Clearway Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Clearway Energy Stock Up 0.0%

Shares of Clearway Energy stock opened at $37.49 on Monday. The firm’s 50 day moving average price is $39.19 and its 200-day moving average price is $37.33. 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 company has a market cap of $7.69 billion, a P/E ratio of 937.41 and a beta of 0.86.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data 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). Clearway Energy had a return on equity of 0.04% and a net margin of 0.13%.The firm had revenue of $354.00 million during the quarter, compared to analysts’ expectations of $340.75 million. On average, sell-side analysts predict that Clearway Energy, Inc. will post -0.87 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.4676 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Clearway Energy’s previous quarterly dividend of $0.46. Clearway Energy’s payout ratio is presently 4,675.00%.

About Clearway Energy

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.