Sei Investments Co. Has $1.16 Million Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Sei Investments Co. cut its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,608 shares of the company's stock after selling 17,138 shares during the period. Sei Investments Co.'s holdings in Clearway Energy were worth $1,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CWEN. CIBC Asset Management Inc boosted its holdings in shares of Clearway Energy by 4.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,074 shares of the company's stock valued at $236,000 after acquiring an additional 414 shares in the last quarter. Ballentine Partners LLC boosted its stake in Clearway Energy by 5.2% during the 4th quarter. Ballentine Partners LLC now owns 15,916 shares of the company's stock valued at $414,000 after purchasing an additional 787 shares in the last quarter. Quad Cities Investment Group LLC increased its position in shares of Clearway Energy by 7.6% during the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company's stock valued at $328,000 after purchasing an additional 886 shares during the period. Mascoma Wealth Management LLC bought a new stake in shares of Clearway Energy in the 4th quarter worth $28,000. Finally, AGF Management Ltd. lifted its holdings in shares of Clearway Energy by 8.0% in the fourth quarter. AGF Management Ltd. now owns 16,337 shares of the company's stock valued at $425,000 after buying an additional 1,210 shares during the period. 84.53% of the stock is owned by institutional investors.

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Clearway Energy Trading Up 1.8 %

Shares of CWEN traded up $0.50 during midday trading on Friday, hitting $28.05. The stock had a trading volume of 1,499,087 shares, compared to its average volume of 876,819. The business has a 50-day simple moving average of $28.08 and a two-hundred day simple moving average of $27.54. The firm has a market cap of $5.67 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a fifty-two week low of $21.72 and a fifty-two week high of $31.09.

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

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.4312 dividend. This is an increase from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 6.15%. The ex-dividend date was Monday, March 3rd. Clearway Energy's dividend payout ratio is currently 229.33%.

Analysts Set New Price Targets

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

Clearway Energy Company 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.