Clearway Energy, Inc. $CWEN Stock: Measured Risk Portfolios Inc. Raises Position

Measured Risk Portfolios Inc. increased its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 25.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,733 shares of the company’s stock after buying an additional 16,134 shares during the quarter. Clearway Energy accounts for approximately 2.0% of Measured Risk Portfolios Inc.’s holdings, making the stock its 13th biggest position. Measured Risk Portfolios Inc.’s holdings in Clearway Energy were worth $2,305,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its position in Clearway Energy by 9.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 101,817 shares of the company’s stock worth $2,980,000 after acquiring an additional 8,797 shares during the period. Diversify Advisory Services LLC grew its stake in Clearway Energy by 4.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 37,270 shares of the company’s stock valued at $1,117,000 after acquiring an additional 1,649 shares in the last quarter. Investment Research Partners LLC grew its stake in Clearway Energy by 18.9% during the 3rd quarter. Investment Research Partners LLC now owns 16,056 shares of the company’s stock valued at $470,000 after acquiring an additional 2,548 shares in the last quarter. New England Research & Management Inc. increased its holdings in shares of Clearway Energy by 6.0% in the 3rd quarter. New England Research & Management Inc. now owns 25,050 shares of the company’s stock valued at $733,000 after purchasing an additional 1,425 shares during the period. Finally, Avail Investment Partners LLC acquired a new position in shares of Clearway Energy in the 3rd quarter valued at about $205,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CWEN. Jefferies Financial Group reissued a “buy” rating and issued a $38.00 price target on shares of Clearway Energy in a research report on Friday, September 4th. Evercore reaffirmed a “positive” rating and set a $40.00 price objective on shares of Clearway Energy in a research report on Monday, August 17th. UBS Group dropped their price objective on shares of Clearway Energy from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday. Wall Street Zen upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Zacks Research upgraded shares of Clearway Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $42.00.

Clearway Energy Price Performance

CWEN opened at $31.68 on Thursday. The stock has a fifty day moving average price of $31.10 and a 200 day moving average price of $34.77. 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 1 year low of $28.57 and a 1 year high of $41.74. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 41.69 and a beta of 0.88.

Clearway Energy (NYSE:CWEN) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.76. Clearway Energy had a return on equity of 1.60% and a net margin of 5.78%. The company had revenue of $481.00 million for the quarter, compared to analyst estimates of $473.92 million. Analysts forecast that Clearway Energy, Inc. will post -0.37 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.4750 dividend. This represents a $1.90 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.4676. Clearway Energy’s dividend payout ratio (DPR) is presently 250.00%.

Clearway Energy Profile

Clearway Energy, Inc (NYSE:CWEN) owns and operates a diversified portfolio of renewable and conventional energy assets in the United States. Its generating facilities produce electricity for utilities, commercial customers and other power purchasers under long-term agreements.

The company’s renewable energy operations include wind and utility-scale solar facilities, while its conventional power portfolio includes natural-gas generation and other dispatchable assets. Clearway also owns district energy systems that provide services such as electricity, steam and chilled water to customers in select markets.

Clearway Energy was established in 2013 as NRG Yield and adopted its current name in 2018.