Susquehanna Fundamental Investments LLC Acquires New Position in Clearway Energy, Inc. (NYSE:CWEN)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 64,612 shares of the company’s stock, valued at approximately $1,595,000.

Other institutional investors have also modified their holdings of the company. Scarborough Advisors LLC acquired a new position in Clearway Energy during the 4th quarter valued at about $25,000. Mather Group LLC. acquired a new stake in shares of Clearway Energy in the 1st quarter worth approximately $37,000. Abich Financial Wealth Management LLC lifted its stake in shares of Clearway Energy by 49.8% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,879 shares of the company’s stock worth $43,000 after acquiring an additional 625 shares during the period. Whittier Trust Co. lifted its stake in shares of Clearway Energy by 33.8% in the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock worth $50,000 after acquiring an additional 512 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Clearway Energy in the 1st quarter worth approximately $228,000. Institutional investors own 38.03% of the company’s stock.

Clearway Energy Stock Up 0.2 %

CWEN stock opened at $30.75 on Wednesday. Clearway Energy, Inc. has a 52-week low of $18.59 and a 52-week high of $30.92. The company’s 50 day simple moving average is $28.45 and its 200-day simple moving average is $26.10. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.46 and a quick ratio of 1.37. The firm has a market capitalization of $6.22 billion, a P/E ratio of 46.58, a P/E/G ratio of 2.52 and a beta of 0.86.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.23). Clearway Energy had a net margin of 7.21% and a return on equity of 1.80%. The firm had revenue of $366.00 million for the quarter, compared to analyst estimates of $424.59 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s revenue was down 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Clearway Energy, Inc. will post 0.85 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a $0.417 dividend. This represents a $1.67 annualized dividend and a yield of 5.42%. The ex-dividend date was Tuesday, September 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.41. Clearway Energy’s dividend payout ratio is currently 251.52%.

Wall Street Analyst Weigh In

CWEN has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Clearway Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $36.00 in a research note on Wednesday, July 31st. Jefferies Financial Group initiated coverage on shares of Clearway Energy in a research note on Friday, September 20th. They issued a “buy” rating and a $35.00 price target for the company. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. BNP Paribas started coverage on shares of Clearway Energy in a research note on Tuesday. They set an “outperform” rating and a $36.00 target price for the company. Finally, Roth Mkm reissued a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Clearway Energy in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.25.

Clearway Energy 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.