RWC Asset Management LLP Has $32.48 Million Stake in Clearway Energy, Inc. (NYSE:CWEN)

RWC Asset Management LLP boosted its holdings in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 105.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,249,232 shares of the company's stock after purchasing an additional 642,322 shares during the quarter. Clearway Energy makes up 1.6% of RWC Asset Management LLP's portfolio, making the stock its 16th biggest holding. RWC Asset Management LLP owned approximately 0.62% of Clearway Energy worth $32,480,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CWEN. Yaupon Capital Management LP increased its stake in Clearway Energy by 209.3% in the third quarter. Yaupon Capital Management LP now owns 325,643 shares of the company's stock valued at $9,991,000 after purchasing an additional 220,360 shares during the last quarter. abrdn plc raised its holdings in shares of Clearway Energy by 30.7% in the 4th quarter. abrdn plc now owns 602,700 shares of the company's stock worth $15,761,000 after purchasing an additional 141,500 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Clearway Energy in the 3rd quarter valued at about $3,532,000. ING Groep NV grew its holdings in shares of Clearway Energy by 938.9% during the 4th quarter. ING Groep NV now owns 77,400 shares of the company's stock worth $2,012,000 after purchasing an additional 69,950 shares during the period. Finally, Hancock Whitney Corp purchased a new stake in shares of Clearway Energy during the 3rd quarter worth about $1,486,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts have recently issued reports on CWEN shares. StockNews.com cut Clearway Energy from a "hold" rating to a "sell" rating in a report on Tuesday. Roth Mkm restated a "buy" rating and issued a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Clearway Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.86.

Clearway Energy Stock Performance

Shares of NYSE:CWEN traded down $0.45 on Thursday, hitting $27.31. The company's stock had a trading volume of 882,895 shares, compared to its average volume of 813,610. Clearway Energy, Inc. has a 12 month low of $20.63 and a 12 month high of $30.92. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.75 and a beta of 0.88. The stock's 50-day moving average is $26.14 and its two-hundred day moving average is $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 (NYSE:CWEN - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $299.73 million. On average, equities research analysts forecast 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 will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.4312 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.72 annualized dividend and a yield of 6.32%. This is a boost from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's dividend payout ratio (DPR) is currently 165.38%.

Insider Activity at Clearway Energy

In related news, Director Brian R. Ford sold 2,000 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares of the company's stock, valued at $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.52% of the company's stock.

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.