Courier Capital LLC Has $1.04 Million Position in Clearway Energy, Inc. $CWEN

Courier Capital LLC lowered its position in Clearway Energy, Inc. (NYSE:CWEN) by 1.7% in the second quarter, HoldingsChannel.com reports. The fund owned 32,610 shares of the company’s stock after selling 554 shares during the quarter. Courier Capital LLC’s holdings in Clearway Energy were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Gotham Asset Management LLC raised its position in shares of Clearway Energy by 79.1% in the first quarter. Gotham Asset Management LLC now owns 814,841 shares of the company’s stock valued at $24,665,000 after purchasing an additional 359,876 shares during the period. King Luther Capital Management Corp increased its holdings in Clearway Energy by 1.1% in the 1st quarter. King Luther Capital Management Corp now owns 549,840 shares of the company’s stock valued at $16,644,000 after buying an additional 5,890 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in Clearway Energy by 4.8% in the 1st quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 522,000 shares of the company’s stock valued at $15,801,000 after buying an additional 24,000 shares during the period. Northside Capital Management LLC bought a new position in Clearway Energy in the 2nd quarter valued at about $8,847,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Clearway Energy by 56.4% in the 1st quarter. Victory Capital Management Inc. now owns 274,078 shares of the company’s stock valued at $8,296,000 after purchasing an additional 98,876 shares in the last quarter. 84.53% of the stock is owned by institutional investors.

Clearway Energy Price Performance

Shares of NYSE:CWEN opened at $31.50 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $6.37 billion, a PE ratio of 48.45, a P/E/G ratio of 1.24 and a beta of 0.89. Clearway Energy, Inc. has a twelve month low of $24.40 and a twelve month high of $33.22. The company has a 50-day moving average price of $29.51 and a two-hundred day moving average price of $30.15.

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

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.4456 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.7%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, September 2nd. Clearway Energy’s dividend payout ratio (DPR) is 273.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Clearway Energy from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. CIBC downgraded shares of Clearway Energy from a “sector outperform” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Saturday, July 19th. Roth Capital reiterated a “buy” rating and issued a $38.00 target price on shares of Clearway Energy in a research note on Monday, October 6th. Wall Street Zen lowered shares of Clearway Energy from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada started coverage on shares of Clearway Energy in a research report on Wednesday, October 8th. They set an “outperform” rating and a $36.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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.