Clearway Energy, Inc. (NYSE:CWEN) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. grew its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 23.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,238 shares of the company’s stock after buying an additional 6,488 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Clearway Energy were worth $890,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in Clearway Energy in the third quarter valued at $3,532,000. Oppenheimer & Co. Inc. lifted its stake in shares of Clearway Energy by 14.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,321 shares of the company’s stock valued at $320,000 after purchasing an additional 1,599 shares during the period. National Bank of Canada FI boosted its holdings in Clearway Energy by 1,778.8% during the third quarter. National Bank of Canada FI now owns 30,907 shares of the company’s stock worth $948,000 after buying an additional 29,262 shares in the last quarter. abrdn plc grew its position in Clearway Energy by 30.7% during the fourth quarter. abrdn plc now owns 602,700 shares of the company’s stock worth $15,761,000 after buying an additional 141,500 shares during the period. Finally, King Luther Capital Management Corp increased its holdings in Clearway Energy by 2,840.3% in the fourth quarter. King Luther Capital Management Corp now owns 543,950 shares of the company’s stock valued at $14,143,000 after buying an additional 525,450 shares in the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

Clearway Energy Stock Up 0.3 %

Shares of NYSE:CWEN opened at $30.16 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $6.10 billion, a P/E ratio of 29.00, a P/E/G ratio of 1.75 and a beta of 0.92. Clearway Energy, Inc. has a 52-week low of $21.72 and a 52-week high of $30.92. The stock’s fifty day simple moving average is $27.40 and its 200-day simple moving average is $27.59.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings results on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). The firm had revenue of $256.00 million for the quarter, compared to analyst estimates of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. As a group, equities research analysts forecast that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.4312 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 5.72%. Clearway Energy’s payout ratio is 229.33%.

Wall Street Analyst Weigh In

CWEN has been the topic of several research analyst reports. Roth Mkm reissued a “buy” rating and set a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research report on Tuesday. They issued a “buy” rating and a $38.00 price target for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Clearway Energy currently has a consensus rating of “Moderate Buy” and an average target price of $34.71.

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.