Clearway Energy, Inc. $CWEN Shares Sold by BROOKFIELD Corp ON

BROOKFIELD Corp ON trimmed its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 36.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,371 shares of the company’s stock after selling 52,562 shares during the quarter. BROOKFIELD Corp ON’s holdings in Clearway Energy were worth $3,590,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Clearway Energy by 280.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 956 shares of the company’s stock worth $27,000 after purchasing an additional 705 shares during the period. National Bank of Canada FI boosted its holdings in Clearway Energy by 201.9% during the third quarter. National Bank of Canada FI now owns 975 shares of the company’s stock worth $28,000 after buying an additional 652 shares in the last quarter. Huntington National Bank boosted its holdings in Clearway Energy by 92.4% during the fourth quarter. Huntington National Bank now owns 858 shares of the company’s stock worth $29,000 after buying an additional 412 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Clearway Energy by 94.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,235 shares of the company’s stock worth $41,000 after buying an additional 600 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Clearway Energy during the second quarter worth about $43,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Clearway Energy Stock Performance

NYSE CWEN opened at $32.11 on Monday. The business’s 50-day moving average price is $36.47 and its 200 day moving average price is $37.54. The company has a current ratio of 1.11, a quick ratio of 1.02 and a debt-to-equity ratio of 1.55. Clearway Energy, Inc. has a twelve month low of $27.67 and a twelve month high of $41.74. The company has a market capitalization of $6.59 billion, a PE ratio of 803.00 and a beta of 0.89.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.90). Clearway Energy had a net margin of 0.13% and a return on equity of 0.04%. The business had revenue of $354.00 million during the quarter, compared to analysts’ expectations of $340.75 million. On average, research analysts predict that Clearway Energy, Inc. will post -1.01 earnings per share for the current year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.4676 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.46. This represents a $1.87 dividend on an annualized basis and a yield of 5.8%. Clearway Energy’s payout ratio is presently 4,675.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CWEN shares. Truist Financial started coverage on shares of Clearway Energy in a research report on Monday, July 13th. They set a “buy” rating and a $43.00 price target for the company. Zacks Research cut Clearway Energy from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on Clearway Energy in a research report on Thursday, April 9th. Weiss Ratings lowered Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised Clearway Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Clearway Energy 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.