Duff & Phelps Investment Management Co. Sells 1,132 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Duff & Phelps Investment Management Co. trimmed its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 6.2% in the second quarter, HoldingsChannel reports. The firm owned 17,186 shares of the company’s stock after selling 1,132 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Clearway Energy were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its stake in Clearway Energy by 74.5% in the 1st quarter. Tidal Investments LLC now owns 51,660 shares of the company’s stock valued at $1,191,000 after buying an additional 22,059 shares during the last quarter. Sei Investments Co. acquired a new stake in Clearway Energy during the 1st quarter worth approximately $1,010,000. Qsemble Capital Management LP bought a new stake in Clearway Energy in the 1st quarter valued at $516,000. Friedenthal Financial bought a new stake in Clearway Energy in the 2nd quarter valued at $712,000. Finally, First Trust Advisors LP increased its position in Clearway Energy by 4.3% during the 4th quarter. First Trust Advisors LP now owns 912,578 shares of the company’s stock worth $25,032,000 after buying an additional 38,032 shares during the period. 38.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CWEN has been the subject of a number of recent research reports. Jefferies Financial Group started coverage on shares of Clearway Energy in a research report on Friday, September 20th. They issued a “buy” rating and a $35.00 target price for the company. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Morgan Stanley upgraded shares of Clearway Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $36.00 in a research report on Wednesday, July 31st. Finally, Roth Mkm reiterated a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Clearway Energy in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Clearway Energy has a consensus rating of “Moderate Buy” and a consensus target price of $31.71.

Clearway Energy Stock Up 1.6 %

Shares of NYSE:CWEN opened at $30.50 on Monday. The company has a market capitalization of $6.17 billion, a PE ratio of 46.21, a price-to-earnings-growth ratio of 2.52 and a beta of 0.86. Clearway Energy, Inc. has a 52-week low of $18.59 and a 52-week high of $30.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.37 and a current ratio of 1.46. The company has a fifty day moving average of $28.35 and a 200-day moving average of $26.03.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.23). The firm had revenue of $366.00 million for the quarter, compared to the consensus estimate of $424.59 million. Clearway Energy had a return on equity of 1.80% and a net margin of 7.21%. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. On average, equities analysts predict that Clearway Energy, Inc. will post 0.85 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.417 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 5.47%. 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 payout ratio is 251.52%.

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.