Rockefeller Capital Management L.P. Lowers Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Rockefeller Capital Management L.P. cut its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,464 shares of the company’s stock after selling 808 shares during the period. Rockefeller Capital Management L.P.’s holdings in Clearway Energy were worth $1,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp purchased a new position in Clearway Energy during the 3rd quarter valued at approximately $277,000. Wilmington Savings Fund Society FSB bought a new stake in Clearway Energy in the third quarter worth $71,000. Fulton Bank N.A. raised its stake in Clearway Energy by 14.8% during the fourth quarter. Fulton Bank N.A. now owns 14,007 shares of the company’s stock valued at $364,000 after purchasing an additional 1,801 shares in the last quarter. Quad Cities Investment Group LLC lifted its position in Clearway Energy by 7.6% during the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock valued at $328,000 after purchasing an additional 886 shares during the last quarter. Finally, Oak Thistle LLC grew its stake in shares of Clearway Energy by 46.5% in the 4th quarter. Oak Thistle LLC now owns 45,664 shares of the company’s stock worth $1,187,000 after buying an additional 14,502 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CWEN has been the subject of a number of analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research report on Tuesday, March 25th. They issued a “buy” rating and a $38.00 price target for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.71.

Clearway Energy Price Performance

CWEN opened at $27.32 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $28.40 and a 200 day moving average of $27.47. Clearway Energy, Inc. has a 52-week low of $22.61 and a 52-week high of $31.09. The stock has a market cap of $5.52 billion, a P/E ratio of 26.27, a PEG ratio of 1.75 and a beta of 0.85.

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

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.4312 per share. The ex-dividend date was Monday, March 3rd. 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 dividend yield of 6.31%. Clearway Energy’s dividend payout ratio (DPR) is 229.33%.

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.