Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 60.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,705 shares of the company's stock after selling 26,956 shares during the period. Quantbot Technologies LP's holdings in Clearway Energy were worth $543,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hancock Whitney Corp acquired a new position in Clearway Energy during the 3rd quarter worth approximately $1,486,000. Cerity Partners LLC grew its holdings in Clearway Energy by 46.7% during the 3rd quarter. Cerity Partners LLC now owns 18,102 shares of the company's stock worth $555,000 after acquiring an additional 5,764 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in Clearway Energy during the 3rd quarter worth approximately $288,000. King Luther Capital Management Corp acquired a new position in Clearway Energy during the 3rd quarter worth approximately $568,000. Finally, Meeder Asset Management Inc. grew its holdings in Clearway Energy by 23.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 42,577 shares of the company's stock worth $1,306,000 after acquiring an additional 8,163 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company's stock.

Clearway Energy Stock Performance

Clearway Energy stock traded up $0.02 during trading hours on Wednesday, reaching $28.35. 776,627 shares of the stock were exchanged, compared to its average volume of 867,122. The stock has a market cap of $5.73 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.39 and a beta of 0.86. 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 52-week low of $20.63 and a 52-week high of $30.92. The firm's 50 day moving average is $28.12 and its 200 day moving average is $27.53.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.17). The firm had revenue of $486.00 million for the quarter, compared to analysts' expectations of $417.55 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm's quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. Analysts predict that Clearway Energy, Inc. will post 0.78 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.424 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Monday, December 2nd. This is an increase from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's dividend payout ratio (DPR) is currently 162.50%.

Analyst Ratings Changes

Several research firms have commented on CWEN. CIBC boosted their price target 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. StockNews.com cut shares of Clearway Energy from a "hold" rating to a "sell" rating in a report on Saturday. Jefferies Financial Group began coverage on shares of Clearway Energy in a report on Friday, September 20th. They issued a "buy" rating and a $35.00 target price for the company. Finally, BNP Paribas began coverage on shares of Clearway Energy in a report on Tuesday, October 1st. They issued an "outperform" rating and a $36.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company 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.