Magnetar Financial LLC Takes $285,000 Position in Clearway Energy, Inc. (NYSE:CWEN)

Magnetar Financial LLC acquired a new position in Clearway Energy, Inc. (NYSE:CWEN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,970 shares of the company’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CWEN. RWC Asset Management LLP raised its stake in shares of Clearway Energy by 105.8% in the 4th quarter. RWC Asset Management LLP now owns 1,249,232 shares of the company’s stock worth $32,480,000 after buying an additional 642,322 shares in the last quarter. King Luther Capital Management Corp raised its position 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 worth $14,143,000 after acquiring an additional 525,450 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Clearway Energy by 85.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 535,858 shares of the company’s stock valued at $13,932,000 after acquiring an additional 247,460 shares during the last quarter. Yaupon Capital Management LP boosted its position in shares of Clearway Energy by 209.3% during the 3rd quarter. Yaupon Capital Management LP now owns 325,643 shares of the company’s stock valued at $9,991,000 after purchasing an additional 220,360 shares in the last quarter. Finally, abrdn plc grew its stake in shares of Clearway Energy by 30.7% in the 4th quarter. abrdn plc now owns 602,700 shares of the company’s stock worth $15,761,000 after purchasing an additional 141,500 shares during the last quarter. Institutional investors own 84.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CWEN. Roth Mkm restated a “buy” rating and set a $34.00 target price (up from $33.00) on shares of Clearway Energy in a report 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Clearway Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.17.

Clearway Energy Trading Down 0.6 %

Shares of NYSE:CWEN opened at $29.86 on Monday. The firm has a fifty day moving average of $26.94 and a two-hundred day moving average of $27.50. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a 12-month low of $21.34 and a 12-month high of $30.92. The firm has a market capitalization of $6.04 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92.

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 the consensus estimate of $0.13 by ($0.10). The business had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. On average, equities analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.4312 per share. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 5.78%. Clearway Energy’s payout ratio is currently 229.33%.

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.