Courier Capital LLC Has $801,000 Stake in Clearway Energy, Inc. (NYSE:CWEN)

Courier Capital LLC reduced its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 29.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,789 shares of the company’s stock after selling 12,576 shares during the quarter. Courier Capital LLC’s holdings in Clearway Energy were worth $801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in Clearway Energy during the 3rd quarter valued at about $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Clearway Energy during the third quarter worth approximately $71,000. Quarry LP raised its stake in shares of Clearway Energy by 53.4% during the second quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after buying an additional 843 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in Clearway Energy in the third quarter valued at approximately $106,000. Finally, Recurrent Investment Advisors LLC bought a new position in Clearway Energy in the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Wall Street Analyst Weigh In

CWEN has been the subject of several recent research reports. BNP Paribas began coverage on shares of Clearway Energy in a research report on Tuesday, October 1st. They set an “outperform” rating and a $36.00 target price for the company. StockNews.com downgraded Clearway Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 30th. CIBC raised their target price on Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group began coverage on Clearway Energy in a research note on Friday, September 20th. They issued a “buy” rating and a $35.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.13.

Insider Activity at Clearway Energy

In related news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the sale, the director now owns 8,153 shares of the company’s stock, valued at approximately $218,011.22. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders.

Clearway Energy Stock Down 0.4 %

Shares of Clearway Energy stock opened at $24.81 on Tuesday. Clearway Energy, Inc. has a 1 year low of $20.63 and a 1 year high of $30.92. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The company has a market capitalization of $5.02 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88. The business has a 50-day moving average of $27.35 and a two-hundred day moving average of $27.51.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $486.00 million for the quarter, compared to the consensus estimate of $417.55 million. During the same period in the previous year, the company posted $0.03 earnings per share. Clearway Energy’s revenue for the quarter was up 31.0% compared to the same quarter last year. As a group, equities analysts predict that Clearway Energy, Inc. will post 0.82 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.424 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.84%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 2nd. Clearway Energy’s dividend payout ratio (DPR) is presently 162.50%.

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.