Hudson Bay Capital Management LP Has $241,000 Stock Holdings in Clearway Energy, Inc. $CWEN

Hudson Bay Capital Management LP decreased its position in Clearway Energy, Inc. (NYSE:CWEN) by 88.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,515 shares of the company’s stock after selling 65,000 shares during the period. Hudson Bay Capital Management LP’s holdings in Clearway Energy were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $1,070,000 after purchasing an additional 3,787 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Clearway Energy by 6.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,375 shares of the company’s stock worth $844,000 after buying an additional 1,553 shares during the period. Creative Planning grew its position in shares of Clearway Energy by 8.5% during the 2nd quarter. Creative Planning now owns 20,281 shares of the company’s stock worth $649,000 after buying an additional 1,582 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Clearway Energy by 2.8% during the second quarter. Rockefeller Capital Management L.P. now owns 46,435 shares of the company’s stock worth $1,486,000 after buying an additional 1,275 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Clearway Energy by 4.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 19,620 shares of the company’s stock worth $628,000 after buying an additional 820 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Clearway Energy from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Roth Mkm reiterated 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. Canadian Imperial Bank of Commerce raised Clearway Energy from a “neutral” rating to a “sector outperform” rating and increased their price target for the company from $37.00 to $38.00 in a research note on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Clearway Energy in a research report on Wednesday, January 21st. Finally, UBS Group set a $45.00 price objective on Clearway Energy in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.14.

Clearway Energy Stock Up 1.8%

Clearway Energy stock opened at $38.11 on Tuesday. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 1.62 and a beta of 0.95. The company’s 50 day simple moving average is $37.83 and its 200 day simple moving average is $34.26. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.13 and a quick ratio of 1.06. Clearway Energy, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $41.51.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Monday, February 23rd. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.68). The firm had revenue of $310.00 million during the quarter, compared to analyst estimates of $334.42 million. Clearway Energy had a return on equity of 3.01% and a net margin of 11.83%.During the same quarter last year, the business posted ($0.41) earnings per share. As a group, sell-side analysts anticipate 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 was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.4602 per share. This is a boost from Clearway Energy’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, March 2nd. Clearway Energy’s dividend payout ratio is presently 129.58%.

Clearway Energy Company 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.