Foresight Group Ltd Liability Partnership Trims Position in Clearway Energy, Inc. (NYSE:CWEN)

Foresight Group Ltd Liability Partnership cut its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 35.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 375,277 shares of the company's stock after selling 207,337 shares during the quarter. Clearway Energy accounts for about 5.8% of Foresight Group Ltd Liability Partnership's investment portfolio, making the stock its 6th largest holding. Foresight Group Ltd Liability Partnership owned 0.19% of Clearway Energy worth $9,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. San Luis Wealth Advisors LLC purchased a new position in shares of Clearway Energy during the 4th quarter valued at $769,000. Oak Thistle LLC raised its position in Clearway Energy by 46.5% during the fourth quarter. Oak Thistle LLC now owns 45,664 shares of the company's stock valued at $1,187,000 after acquiring an additional 14,502 shares in the last quarter. Quad Cities Investment Group LLC lifted its stake in Clearway Energy by 7.6% in the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company's stock valued at $328,000 after acquiring an additional 886 shares during the last quarter. Fulton Bank N.A. grew its position in Clearway Energy by 14.8% in the fourth quarter. Fulton Bank N.A. now owns 14,007 shares of the company's stock worth $364,000 after acquiring an additional 1,801 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Clearway Energy during the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 84.53% of the company's stock.

Insider Buying and Selling at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the sale, the director now directly owns 8,153 shares of the company's stock, valued at approximately $218,011.22. This trade represents a 19.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Clearway Energy Price Performance

NYSE CWEN traded down $0.07 during trading on Friday, reaching $26.39. 711,681 shares of the company traded hands, compared to its average volume of 634,972. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 1.67 and a beta of 0.88. Clearway Energy, Inc. has a 1-year low of $20.63 and a 1-year high of $30.92. The stock's 50 day moving average price is $27.13 and its two-hundred day moving average price is $27.49.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $486.00 million for the quarter, compared to the consensus estimate of $417.55 million. During the same period in the prior year, the company posted $0.03 earnings per share. Clearway Energy's quarterly revenue was up 31.0% compared to the same quarter last year. As a group, analysts anticipate that Clearway Energy, Inc. will post 0.82 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.424 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.70 dividend on an annualized basis and a yield of 6.43%. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's dividend payout ratio is currently 163.46%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Jefferies Financial Group initiated coverage on Clearway Energy in a research note on Friday, September 20th. They set a "buy" rating and a $35.00 price target for the company. StockNews.com cut Clearway Energy from a "hold" rating to a "sell" rating in a research report on Saturday, November 30th. BNP Paribas initiated coverage on shares of Clearway Energy in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $36.00 price target on the stock. Finally, CIBC upped their price objective on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an "outperformer" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.13.

About Clearway Energy

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.