Clearway Energy, Inc. $CWEN Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 18.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,771 shares of the company’s stock after selling 396 shares during the period. Whittier Trust Co.’s holdings in Clearway Energy were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Prudent Man Advisors LLC raised its stake in 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 buying an additional 516 shares in the last quarter. Monetary Management Group Inc. raised its stake in Clearway Energy by 4.3% in the first quarter. Monetary Management Group Inc. now owns 14,400 shares of the company’s stock valued at $436,000 after buying an additional 600 shares in the last quarter. Abundance Wealth Counselors raised its stake in Clearway Energy by 1.6% in the second quarter. Abundance Wealth Counselors now owns 39,158 shares of the company’s stock valued at $1,253,000 after buying an additional 624 shares in the last quarter. Spirit of America Management Corp NY raised its stake in Clearway Energy by 5.2% in the second quarter. Spirit of America Management Corp NY now owns 15,300 shares of the company’s stock valued at $490,000 after buying an additional 750 shares in the last quarter. Finally, WBI Investments LLC raised its stake in Clearway Energy by 5.0% in the first quarter. WBI Investments LLC now owns 17,544 shares of the company’s stock valued at $531,000 after buying an additional 834 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Clearway Energy Stock Performance

Shares of CWEN stock opened at $31.96 on Friday. The stock’s 50-day moving average is $29.81 and its two-hundred day moving average is $30.27. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 49.17, a PEG ratio of 1.24 and a beta of 0.89. Clearway Energy, Inc. has a 1 year low of $24.40 and a 1 year high of $33.22. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.34 and a current ratio of 1.42.

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

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.4456 per share. This is an increase from Clearway Energy’s previous quarterly dividend of $0.44. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Clearway Energy’s dividend payout ratio is 273.85%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank Of Canada assumed coverage on Clearway Energy in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $36.00 price target on the stock. Evercore ISI assumed coverage on Clearway Energy in a research note on Monday, October 6th. They issued an “in-line” rating and a $34.00 price target on the stock. Wall Street Zen lowered Clearway Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Cibc World Mkts lowered Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Clearway Energy in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

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.