RWC Asset Management LLP Has $17.50 Million Stake in Clearway Energy, Inc. $CWEN

RWC Asset Management LLP decreased its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 29.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 526,195 shares of the company’s stock after selling 219,342 shares during the quarter. RWC Asset Management LLP’s holdings in Clearway Energy were worth $17,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank raised its stake in Clearway Energy by 92.4% in the 4th quarter. Huntington National Bank now owns 858 shares of the company’s stock worth $29,000 after purchasing an additional 412 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Clearway Energy by 280.9% in 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 in the last quarter. National Bank of Canada FI raised its stake in Clearway Energy by 201.9% in the 3rd quarter. National Bank of Canada FI now owns 975 shares of the company’s stock worth $28,000 after purchasing an additional 652 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Clearway Energy by 94.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,235 shares of the company’s stock worth $41,000 after purchasing an additional 600 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Clearway Energy in the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Trading Down 0.0%

CWEN opened at $39.74 on Monday. Clearway Energy, Inc. has a twelve month low of $27.67 and a twelve month high of $41.74. The company has a quick ratio of 1.02, a current ratio of 1.11 and a debt-to-equity ratio of 1.55. The company has a fifty day moving average of $39.30 and a 200-day moving average of $37.25. The stock has a market cap of $8.16 billion, a PE ratio of 993.65 and a beta of 0.86.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.90). Clearway Energy had a return on equity of 0.04% and a net margin of 0.13%.The firm had revenue of $354.00 million for the quarter, compared to analyst estimates of $340.75 million. On average, sell-side analysts predict that Clearway Energy, Inc. will post -0.87 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.4676 per share. This represents a $1.87 annualized dividend and a dividend yield of 4.7%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, June 1st. Clearway Energy’s dividend payout ratio is currently 4,675.00%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CWEN shares. Royal Bank Of Canada lifted their price objective on shares of Clearway Energy from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Weiss Ratings cut shares of Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $41.00 target price on shares of Clearway Energy in a research note on Thursday, April 9th. Morgan Stanley boosted their target price on shares of Clearway Energy from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Finally, Roth Mkm restated a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of Clearway Energy in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Clearway Energy currently has an average rating of “Moderate Buy” and an average target price of $43.00.

About Clearway Energy

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.