Maven Securities LTD Reduces Position in Clearway Energy, Inc. $CWEN

Maven Securities LTD lessened its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 58.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,792 shares of the company’s stock after selling 84,290 shares during the period. Maven Securities LTD’s holdings in Clearway Energy were worth $1,989,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CWEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Clearway Energy by 12.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,333 shares of the company’s stock worth $1,070,000 after purchasing an additional 3,787 shares during the last quarter. Jump Financial LLC purchased a new stake in Clearway Energy during the 2nd quarter worth approximately $215,000. Cerity Partners LLC grew its position in Clearway Energy by 1.8% during the 2nd quarter. Cerity Partners LLC now owns 68,489 shares of the company’s stock worth $2,192,000 after purchasing an additional 1,180 shares during the last quarter. Brevan Howard Capital Management LP grew its position in Clearway Energy by 233.7% during the 2nd quarter. Brevan Howard Capital Management LP now owns 45,896 shares of the company’s stock worth $1,469,000 after purchasing an additional 32,144 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Clearway Energy during the 2nd quarter worth approximately $2,352,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Clearway Energy Stock Performance

Shares of NYSE CWEN opened at $37.49 on Monday. 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 12 month low of $27.67 and a 12 month high of $41.74. The company has a 50 day simple moving average of $39.19 and a two-hundred day simple moving average of $37.33. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 937.41 and a beta of 0.86.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $340.75 million. As a group, analysts predict that Clearway Energy, Inc. will post -0.87 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.4676 per share. This represents a $1.87 annualized dividend and a yield of 5.0%. The ex-dividend date is Monday, June 1st. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.46. Clearway Energy’s dividend payout ratio (DPR) is presently 4,675.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CWEN shares. Roth Mkm reissued a “buy” rating and set a $45.00 target price (up from $40.00) on shares of Clearway Energy in a research report on Tuesday, February 24th. Weiss Ratings downgraded shares of Clearway Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Clearway Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. UBS Group set a $45.00 price objective on shares of Clearway Energy in a research note on Tuesday, February 24th. Finally, Morgan Stanley lifted their price objective on shares of Clearway Energy from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

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.