Inspire Investing LLC Acquires Shares of 26,751 Clearway Energy, Inc. $CWEN

Inspire Investing LLC acquired a new stake in Clearway Energy, Inc. (NYSE:CWEN) in the second quarter, Holdings Channel reports. The institutional investor acquired 26,751 shares of the company’s stock, valued at approximately $856,000.

Several other institutional investors have also modified their holdings of the stock. Prudent Man Advisors LLC grew its position in shares of Clearway Energy by 2.0% in the first quarter. Prudent Man Advisors LLC now owns 26,219 shares of the company’s stock valued at $794,000 after purchasing an additional 516 shares during the period. Monetary Management Group Inc. boosted its holdings in Clearway Energy by 4.3% in the 1st quarter. Monetary Management Group Inc. now owns 14,400 shares of the company’s stock valued at $436,000 after purchasing an additional 600 shares during the last quarter. Abundance Wealth Counselors boosted its holdings in Clearway Energy by 1.6% in the 2nd quarter. Abundance Wealth Counselors now owns 39,158 shares of the company’s stock valued at $1,253,000 after purchasing an additional 624 shares during the last quarter. WBI Investments LLC boosted its holdings in Clearway Energy by 5.0% in the 1st quarter. WBI Investments LLC now owns 17,544 shares of the company’s stock valued at $531,000 after purchasing an additional 834 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in Clearway Energy by 0.5% in the 1st quarter. Alps Advisors Inc. now owns 169,464 shares of the company’s stock valued at $5,130,000 after purchasing an additional 862 shares during the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Stock Down 1.7%

CWEN stock opened at $31.12 on Monday. Clearway Energy, Inc. has a one year low of $24.40 and a one year high of $33.22. The stock has a market capitalization of $6.29 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.22 and a beta of 0.89. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.34 and a current ratio of 1.42. The company has a fifty day moving average of $29.53 and a 200-day moving average of $30.13.

Clearway Energy (NYSE:CWEN) last released its earnings results on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39). The firm had revenue of $392.00 million during the quarter, compared to analyst estimates of $428.33 million. Clearway Energy had a return on equity of 1.37% and a net margin of 5.31%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. As a group, analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CWEN shares. Roth Capital restated a “buy” rating and issued a $38.00 price objective on shares of Clearway Energy in a report on Monday, October 6th. Evercore ISI assumed coverage on shares of Clearway Energy in a research report on Monday, October 6th. They issued an “in-line” rating and a $34.00 price objective on the stock. Cibc World Mkts downgraded shares of Clearway Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Clearway Energy in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Clearway Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.29.

Clearway Energy Company 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.