Sanctuary Advisors LLC Increases Position in Clearway Energy, Inc. $CWEN

Sanctuary Advisors LLC increased its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,449 shares of the company’s stock after buying an additional 35,468 shares during the quarter. Sanctuary Advisors LLC’s holdings in Clearway Energy were worth $6,168,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in shares of Clearway Energy during the third quarter valued at $6,473,000. Foresight Group Ltd Liability Partnership grew its holdings in shares of Clearway Energy by 18.6% during the third quarter. Foresight Group Ltd Liability Partnership now owns 418,235 shares of the company’s stock valued at $11,815,000 after buying an additional 65,522 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Clearway Energy by 33.6% during the third quarter. Nordea Investment Management AB now owns 328,235 shares of the company’s stock valued at $9,250,000 after buying an additional 82,621 shares during the last quarter. RWC Asset Management LLP grew its holdings in shares of Clearway Energy by 12.2% during the third quarter. RWC Asset Management LLP now owns 745,537 shares of the company’s stock valued at $21,061,000 after buying an additional 81,349 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Clearway Energy during the third quarter valued at $1,135,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

Clearway Energy Trading Down 5.4%

CWEN stock opened at $38.23 on Thursday. The company’s 50-day simple moving average is $39.11 and its 200-day simple moving average is $36.20. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 1.36. Clearway Energy, Inc. has a 52-week low of $27.67 and a 52-week high of $41.60. The firm has a market cap of $7.85 billion, a P/E ratio of 26.92, a PEG ratio of 15.58 and a beta of 0.91.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Monday, February 23rd. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.68). Clearway Energy had a return on equity of 3.01% and a net margin of 11.83%.The firm had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $334.42 million. During the same period in the previous year, the company earned ($0.41) earnings per share. As a group, equities analysts forecast that Clearway Energy, Inc. will post 0.23 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.4602 per share. This represents a $1.84 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.45. Clearway Energy’s dividend payout ratio is currently 129.58%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CWEN shares. UBS Group set a $45.00 price objective on shares of Clearway Energy in a report on Tuesday, February 24th. Wall Street Zen lowered shares of Clearway Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Clearway Energy in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft set a $41.00 price target on shares of Clearway Energy in a report on Thursday, April 9th. Finally, Royal Bank Of Canada upped their price target on shares of Clearway Energy from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.57.

Clearway Energy Company Profile

Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.