Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC lessened its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,485 shares of the company's stock after selling 13,683 shares during the period. Kennedy Capital Management LLC owned approximately 0.12% of Clearway Energy worth $6,201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CWEN. Bank of Nova Scotia increased its holdings in shares of Clearway Energy by 85.2% in the fourth quarter. Bank of Nova Scotia now owns 109,860 shares of the company's stock valued at $2,856,000 after purchasing an additional 50,539 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Clearway Energy by 233.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 6,885 shares of the company's stock worth $179,000 after buying an additional 4,823 shares during the period. Boxwood Ventures Inc. acquired a new position in Clearway Energy in the fourth quarter valued at $361,000. Duff & Phelps Investment Management Co. increased its stake in shares of Clearway Energy by 23.4% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 34,238 shares of the company's stock valued at $890,000 after acquiring an additional 6,488 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Clearway Energy during the 4th quarter worth approximately $31,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Clearway Energy Trading Up 1.2 %

CWEN stock traded up $0.35 during midday trading on Thursday, reaching $29.26. The company's stock had a trading volume of 211,438 shares, compared to its average volume of 874,413. The stock has a fifty day simple moving average of $28.25 and a two-hundred day simple moving average of $27.53. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. Clearway Energy, Inc. has a 1 year low of $21.81 and a 1 year high of $31.09. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.75 and a beta of 0.85.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.10). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The firm had revenue of $256.00 million for the quarter, compared to analysts' expectations of $299.73 million. On average, equities research analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.4312 per share. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 5.89%. The ex-dividend date was Monday, March 3rd. Clearway Energy's dividend payout ratio is presently 229.33%.

Wall Street Analyst Weigh In

CWEN has been the subject of several recent analyst reports. StockNews.com raised Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Roth Mkm restated a "buy" rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Clearway Energy in a report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Clearway Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.71.

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.