Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP trimmed its position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 39.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,900 shares of the company's stock after selling 14,820 shares during the period. Greenland Capital Management LP's holdings in Clearway Energy were worth $595,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in Clearway Energy during the 3rd quarter worth about $204,000. Stifel Financial Corp acquired a new stake in Clearway Energy during the 3rd quarter worth approximately $277,000. National Bank of Canada FI grew its position in Clearway Energy by 1,778.8% in the 3rd quarter. National Bank of Canada FI now owns 30,907 shares of the company's stock valued at $948,000 after buying an additional 29,262 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake in shares of Clearway Energy by 61.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 27,750 shares of the company's stock worth $851,000 after acquiring an additional 10,564 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Clearway Energy during the 3rd quarter worth approximately $3,532,000. Hedge funds and other institutional investors own 84.53% of the company's stock.

Analyst Upgrades and Downgrades

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

Clearway Energy Trading Up 2.2 %

CWEN traded up $0.62 during midday trading on Monday, hitting $28.65. The company's stock had a trading volume of 265,048 shares, compared to its average volume of 980,390. Clearway Energy, Inc. has a 52-week low of $21.72 and a 52-week high of $31.09. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $28.08 and a two-hundred day moving average price of $27.52. The firm has a market cap of $5.79 billion, a P/E ratio of 27.55, a PEG ratio of 1.75 and a beta of 0.85.

Clearway Energy (NYSE:CWEN - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $256.00 million during the quarter, compared to analyst estimates of $299.73 million. On average, research analysts anticipate that Clearway Energy, Inc. will post 0.83 earnings per share 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 given a dividend of $0.4312 per share. This is a boost from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date was Monday, March 3rd. Clearway Energy's payout ratio is presently 229.33%.

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.