Ardsley Advisory Partners LP Purchases 25,000 Shares of Clearway Energy, Inc. $CWEN

Ardsley Advisory Partners LP increased its position in Clearway Energy, Inc. (NYSE:CWEN) by 20.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Ardsley Advisory Partners LP’s holdings in Clearway Energy were worth $4,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC lifted its position in Clearway Energy by 26.7% in the fourth quarter. Clearbridge Investments LLC now owns 4,656,937 shares of the company’s stock worth $154,890,000 after purchasing an additional 981,488 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its position in Clearway Energy by 8.8% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 625,000 shares of the company’s stock worth $17,656,000 after purchasing an additional 50,344 shares during the period. Aberdeen Group plc lifted its position in Clearway Energy by 0.3% in the third quarter. Aberdeen Group plc now owns 580,307 shares of the company’s stock worth $16,463,000 after purchasing an additional 1,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Clearway Energy by 1.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 435,054 shares of the company’s stock valued at $12,290,000 after acquiring an additional 5,142 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Clearway Energy by 19.0% during the third quarter. Victory Capital Management Inc. now owns 327,638 shares of the company’s stock valued at $9,256,000 after acquiring an additional 52,338 shares during the period. 84.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CWEN shares. Roth Mkm reissued a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Clearway Energy in a report on Tuesday, February 24th. Royal Bank Of Canada lifted their price objective on Clearway Energy from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Weiss Ratings cut Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Morgan Stanley lifted their price objective on Clearway Energy from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Finally, UBS Group set a $45.00 price objective on Clearway Energy in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Clearway Energy Stock Performance

Clearway Energy stock opened at $36.86 on Thursday. The stock has a 50-day simple moving average of $39.05 and a 200 day simple moving average of $37.36. The company has a quick ratio of 1.02, a current ratio of 1.11 and a debt-to-equity ratio of 1.55. Clearway Energy, Inc. has a 12-month low of $27.67 and a 12-month high of $41.74. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 921.71 and a beta of 0.86.

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

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.4676 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.87 annualized dividend and a yield of 5.1%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.46. Clearway Energy’s dividend payout ratio (DPR) is presently 4,675.00%.

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.