Mutual of America Capital Management LLC Sells 1,095 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Mutual of America Capital Management LLC decreased its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 8.1% in the third quarter, Holdings Channel.com reports. The firm owned 12,458 shares of the company’s stock after selling 1,095 shares during the period. Mutual of America Capital Management LLC’s holdings in Clearway Energy were worth $382,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ING Groep NV purchased a new stake in shares of Clearway Energy in the 3rd quarter worth approximately $229,000. Plato Investment Management Ltd purchased a new stake in shares of Clearway Energy in the third quarter worth $245,000. Oppenheimer & Co. Inc. increased its holdings in shares of Clearway Energy by 13.3% during the third quarter. Oppenheimer & Co. Inc. now owns 10,722 shares of the company’s stock valued at $329,000 after acquiring an additional 1,260 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Clearway Energy during the third quarter valued at $1,026,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Clearway Energy in the 3rd quarter worth about $50,000. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

Clearway Energy Price Performance

Shares of CWEN opened at $29.51 on Thursday. The firm has a fifty day simple moving average of $28.20 and a two-hundred day simple moving average of $27.45. The firm has a market cap of $5.96 billion, a PE ratio of 28.48, a P/E/G ratio of 2.54 and a beta of 0.87. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a 1-year low of $20.63 and a 1-year high of $30.92.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). The firm had revenue of $486.00 million for the quarter, compared to analysts’ expectations of $417.55 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The firm’s revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 EPS. On average, equities analysts anticipate that Clearway Energy, Inc. will post 0.81 EPS for the current year.

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.424 dividend. This represents a $1.70 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s dividend payout ratio is 160.58%.

Analysts Set New Price Targets

Several brokerages recently commented on CWEN. BNP Paribas assumed coverage on shares of Clearway Energy in a research report on Tuesday, October 1st. They set an “outperform” rating and a $36.00 price objective on the stock. Morgan Stanley raised shares of Clearway Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $25.00 to $36.00 in a research report on Wednesday, July 31st. CIBC upped their price objective on Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a research report on Tuesday, October 22nd. Roth Mkm reiterated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Clearway Energy in a research note on Friday, August 2nd. Finally, StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Clearway Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.13.

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.