Quantbot Technologies LP Raises Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Quantbot Technologies LP grew its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 206.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,297 shares of the company’s stock after purchasing an additional 36,592 shares during the period. Quantbot Technologies LP’s holdings in Clearway Energy were worth $1,412,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Mascoma Wealth Management LLC bought a new stake in Clearway Energy in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Clearway Energy during the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Clearway Energy in the third quarter worth approximately $71,000. Icon Wealth Advisors LLC bought a new position in Clearway Energy during the third quarter valued at approximately $106,000. Finally, Quarry LP lifted its position in Clearway Energy by 51.6% during the third quarter. Quarry LP now owns 3,671 shares of the company’s stock valued at $113,000 after purchasing an additional 1,249 shares during the period. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Analyst Upgrades and Downgrades

CWEN has been the subject of a number of research reports. Roth Mkm reiterated a “buy” rating and set a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Clearway Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.17.

Clearway Energy Price Performance

Shares of Clearway Energy stock opened at $29.83 on Tuesday. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The stock has a 50 day moving average price of $27.04 and a 200-day moving average price of $27.52. Clearway Energy, Inc. has a one year low of $21.34 and a one year high of $30.92.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.10). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $299.73 million. Equities analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

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