Jane Street Group LLC Reduces Stake in Clearway Energy, Inc. (NYSE:CWEN)

Jane Street Group LLC cut its position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 87.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,787 shares of the company's stock after selling 195,554 shares during the period. Jane Street Group LLC's holdings in Clearway Energy were worth $883,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CWEN. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Clearway Energy by 107.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 47,931 shares of the company's stock worth $1,183,000 after purchasing an additional 24,864 shares during the last quarter. Verus Capital Partners LLC acquired a new stake in shares of Clearway Energy in the 2nd quarter valued at $346,000. Ballentine Partners LLC raised its position in shares of Clearway Energy by 8.5% during the second quarter. Ballentine Partners LLC now owns 15,253 shares of the company's stock worth $377,000 after acquiring an additional 1,189 shares during the last quarter. American Century Companies Inc. raised its position in shares of Clearway Energy by 726.3% during the second quarter. American Century Companies Inc. now owns 171,321 shares of the company's stock worth $4,230,000 after acquiring an additional 150,588 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Clearway Energy by 6.2% during the second quarter. Meeder Asset Management Inc. now owns 34,414 shares of the company's stock valued at $850,000 after acquiring an additional 2,002 shares during the period. 84.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Brian R. Ford sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total transaction of $53,480.00. Following the sale, the director now directly owns 8,153 shares in the company, valued at approximately $218,011.22. This represents a 19.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by insiders.

Clearway Energy Trading Up 1.2 %

Shares of NYSE CWEN traded up $0.31 during midday trading on Thursday, reaching $26.31. The stock had a trading volume of 608,034 shares, compared to its average volume of 858,625. 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 firm has a market cap of $5.32 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86. The company's 50 day moving average price is $27.47 and its 200 day moving average price is $27.48. Clearway Energy, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92.

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

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.424 per share. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Monday, December 2nd. Clearway Energy's dividend payout ratio (DPR) is 162.50%.

Wall Street Analysts Forecast Growth

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

Clearway Energy Profile

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.