Nisa Investment Advisors LLC Sells 1,400 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Nisa Investment Advisors LLC reduced its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 7.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,590 shares of the company’s stock after selling 1,400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Clearway Energy were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CWEN. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Clearway Energy during the 3rd quarter valued at about $42,000. Macquarie Group Ltd. boosted its holdings in shares of Clearway Energy by 31.0% during the 2nd quarter. Macquarie Group Ltd. now owns 3,272 shares of the company’s stock valued at $114,000 after acquiring an additional 775 shares during the last quarter. Spirit of America Management Corp NY boosted its holdings in shares of Clearway Energy by 23.3% during the 3rd quarter. Spirit of America Management Corp NY now owns 5,300 shares of the company’s stock valued at $112,000 after acquiring an additional 1,000 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Clearway Energy by 139.6% during the 1st quarter. Quantbot Technologies LP now owns 6,012 shares of the company’s stock valued at $219,000 after acquiring an additional 3,503 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Clearway Energy during the 4th quarter valued at about $175,000. 38.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CWEN. Marathon Capitl reissued an “equal weight” rating on shares of Clearway Energy in a report on Tuesday, March 26th. Morgan Stanley raised their price objective on shares of Clearway Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, March 1st. Royal Bank of Canada dropped their price objective on shares of Clearway Energy from $26.00 to $25.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 27th. StockNews.com downgraded shares of Clearway Energy from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Oppenheimer raised their price objective on shares of Clearway Energy from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Clearway Energy has a consensus rating of “Hold” and an average price target of $28.33.

Clearway Energy Price Performance

Shares of NYSE:CWEN opened at $22.24 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.72 and a quick ratio of 1.66. Clearway Energy, Inc. has a 1-year low of $18.59 and a 1-year high of $32.17. The company has a market capitalization of $4.49 billion, a P/E ratio of 32.71 and a beta of 0.88. The firm’s 50 day simple moving average is $22.53 and its two-hundred day simple moving average is $23.47.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.15. Clearway Energy had a net margin of 6.01% and a return on equity of 1.80%. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $282.45 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. Research analysts expect that Clearway Energy, Inc. will post 0.92 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.403 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.61 annualized dividend and a yield of 7.25%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.40. Clearway Energy’s payout ratio is currently 236.76%.

Insider Activity

In related news, Director Se Totalenergies acquired 196,964 shares of Clearway Energy stock in a transaction dated Thursday, March 28th. The shares were purchased at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the completion of the transaction, the director now directly owns 295,235 shares in the company, valued at approximately $6,749,072.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

About Clearway Energy

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.