Crestwood Advisors Group LLC Sells 1,649 Shares of Clearway Energy, Inc. $CWEN

Crestwood Advisors Group LLC lessened its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 33,907 shares of the company’s stock after selling 1,649 shares during the period. Crestwood Advisors Group LLC’s holdings in Clearway Energy were worth $1,085,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CWEN. Prudent Man Advisors LLC grew its stake in Clearway Energy by 3.9% in the second quarter. Prudent Man Advisors LLC now owns 27,234 shares of the company’s stock valued at $871,000 after purchasing an additional 1,015 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Clearway Energy by 207.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 44,907 shares of the company’s stock valued at $1,437,000 after buying an additional 30,305 shares during the last quarter. Lazard Freres Gestion S.A.S. bought a new position in shares of Clearway Energy in the second quarter valued at $624,000. First Citizens Bank & Trust Co. acquired a new position in Clearway Energy during the second quarter worth $440,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Clearway Energy in the 2nd quarter valued at about $714,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Clearway Energy Price Performance

Clearway Energy stock opened at $34.91 on Friday. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.37 and a beta of 0.93. The company has a current ratio of 1.54, a quick ratio of 1.34 and a debt-to-equity ratio of 1.41. Clearway Energy, Inc. has a 12 month low of $24.40 and a 12 month high of $35.20. The stock’s 50 day moving average is $30.30 and its 200-day moving average is $30.56.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $1.68. Clearway Energy had a return on equity of 4.96% and a net margin of 20.07%.The business had revenue of $429.00 million during the quarter, compared to the consensus estimate of $427.72 million. During the same period in the previous year, the company posted $0.31 EPS. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. Equities research analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.4528 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Clearway Energy’s previous quarterly dividend of $0.45. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.2%. Clearway Energy’s dividend payout ratio (DPR) is presently 76.07%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CWEN. CIBC raised their target price on shares of Clearway Energy from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Cibc World Mkts cut Clearway Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 21st. Roth Capital reiterated a “buy” rating and set a $39.00 target price (up from $38.00) on shares of Clearway Energy in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Clearway Energy in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada assumed coverage on shares of Clearway Energy in a research report on Wednesday, October 8th. They set an “outperform” rating and a $36.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.71.

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.