Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,683 shares of the company’s stock after selling 2,421 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Clearway Energy were worth $590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new stake in Clearway Energy during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Clearway Energy during the 4th quarter worth about $51,000. Wilmington Savings Fund Society FSB acquired a new stake in Clearway Energy during the 3rd quarter worth approximately $71,000. Icon Wealth Advisors LLC purchased a new position in Clearway Energy in the third quarter valued at approximately $106,000. Finally, Quarry LP lifted its position in Clearway Energy by 51.6% during the third quarter. Quarry LP now owns 3,671 shares of the company’s stock valued at $113,000 after buying an additional 1,249 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Clearway Energy in a research note on Tuesday. They issued a “buy” rating and a $38.00 target price on the stock. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Clearway Energy presently has an average rating of “Moderate Buy” and an average target price of $34.71.

Clearway Energy Stock Performance

NYSE:CWEN opened at $30.31 on Thursday. Clearway Energy, Inc. has a 1-year low of $21.71 and a 1-year high of $30.92. The stock has a market cap of $6.13 billion, a P/E ratio of 29.14, a PEG ratio of 1.75 and a beta of 0.92. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The firm has a 50-day moving average of $27.25 and a two-hundred day moving average of $27.56.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The business had revenue of $256.00 million for the quarter, compared to analyst estimates of $299.73 million. On average, research analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.4312 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s payout ratio is 229.33%.

About Clearway Energy

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.