Stifel Financial Corp Invests $277,000 in Clearway Energy, Inc. (NYSE:CWEN)

Stifel Financial Corp acquired a new stake in Clearway Energy, Inc. (NYSE:CWEN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,022 shares of the company’s stock, valued at approximately $277,000.

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 stake in Clearway Energy in the 3rd quarter valued at about $50,000. Quarry LP lifted its position in shares of Clearway Energy by 53.4% in the second quarter. Quarry LP now owns 2,422 shares of the company’s stock valued at $60,000 after buying an additional 843 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Clearway Energy during the 3rd quarter worth approximately $106,000. Recurrent Investment Advisors LLC acquired a new position in shares of Clearway Energy during the 3rd quarter worth approximately $202,000. Finally, Quadrature Capital Ltd bought a new stake in Clearway Energy in the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Trading Down 0.6 %

CWEN opened at $26.14 on Monday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.24 and a beta of 0.86. The company’s 50 day moving average price is $27.52 and its two-hundred day moving average price is $27.51. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. Clearway Energy, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $30.92.

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

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.424 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.70 annualized dividend and a yield of 6.49%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s dividend payout ratio (DPR) is currently 162.50%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

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.