Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Clearway Energy, Inc. $CWEN

Vanguard Personalized Indexing Management LLC raised its stake in Clearway Energy, Inc. (NYSE:CWEN) by 8.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,880 shares of the company’s stock after acquiring an additional 2,701 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Clearway Energy were worth $1,052,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Prudent Man Advisors LLC increased its holdings in Clearway Energy by 2.0% in the 1st quarter. Prudent Man Advisors LLC now owns 26,219 shares of the company’s stock valued at $794,000 after acquiring an additional 516 shares during the last quarter. Monetary Management Group Inc. increased its holdings in Clearway Energy by 4.3% in the 1st quarter. Monetary Management Group Inc. now owns 14,400 shares of the company’s stock valued at $436,000 after acquiring an additional 600 shares during the last quarter. Abundance Wealth Counselors increased its holdings in Clearway Energy by 1.6% in the 2nd quarter. Abundance Wealth Counselors now owns 39,158 shares of the company’s stock valued at $1,253,000 after acquiring an additional 624 shares during the last quarter. WBI Investments LLC increased its holdings in Clearway Energy by 5.0% in the 1st quarter. WBI Investments LLC now owns 17,544 shares of the company’s stock valued at $531,000 after acquiring an additional 834 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of Clearway Energy by 0.5% in the 1st quarter. Alps Advisors Inc. now owns 169,464 shares of the company’s stock worth $5,130,000 after buying an additional 862 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Stock Performance

Shares of NYSE:CWEN opened at $31.68 on Friday. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 1.24 and a beta of 0.89. Clearway Energy, Inc. has a 12 month low of $24.40 and a 12 month high of $33.22. The firm’s 50-day moving average is $29.62 and its 200 day moving average is $30.18. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 1.49.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39). The firm had revenue of $392.00 million for the quarter, compared to the consensus estimate of $428.33 million. Clearway Energy had a net margin of 5.31% and a return on equity of 1.37%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Research analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.4456 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.78 dividend on an annualized basis and a yield of 5.6%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.44. Clearway Energy’s payout ratio is currently 273.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CWEN. Wall Street Zen downgraded shares of Clearway Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Royal Bank Of Canada began coverage on shares of Clearway Energy in a report on Wednesday, October 8th. They issued an “outperform” rating and a $36.00 target price on the stock. CIBC downgraded shares of Clearway Energy from a “sector outperform” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Saturday, July 19th. Jefferies Financial Group boosted their target price on shares of Clearway Energy from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Cibc World Mkts downgraded shares of Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Clearway Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.29.

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.