Clearway Energy, Inc. (NYSE:CWEN) Position Reduced by Hilton Capital Management LLC

Hilton Capital Management LLC decreased its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,950 shares of the company’s stock after selling 2,768 shares during the period. Hilton Capital Management LLC’s holdings in Clearway Energy were worth $1,532,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in shares of 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 purchasing an additional 22,059 shares during the period. Sei Investments Co. acquired a new position in shares of Clearway Energy in the 1st quarter valued at about $1,010,000. Friedenthal Financial acquired a new position in shares of Clearway Energy in the 2nd quarter valued at about $712,000. Edgestream Partners L.P. acquired a new position in shares of Clearway Energy in the 2nd quarter valued at about $3,643,000. Finally, 1832 Asset Management L.P. acquired a new position in shares of Clearway Energy in the 2nd quarter valued at about $32,310,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Clearway Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Roth Mkm restated a “buy” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Clearway Energy in a report on Friday, August 2nd. Morgan Stanley upgraded Clearway Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $36.00 in a report on Wednesday, July 31st. BNP Paribas assumed coverage on Clearway Energy in a report on Tuesday, October 1st. They issued an “outperform” rating and a $36.00 price objective on the stock. Finally, CIBC increased their price objective on Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.13.

Clearway Energy Stock Up 0.8 %

CWEN opened at $27.80 on Wednesday. Clearway Energy, Inc. has a 1-year low of $20.63 and a 1-year high of $30.92. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 2.44 and a beta of 0.87. The business has a 50 day moving average of $28.23 and a 200-day moving average of $27.35.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The business had revenue of $486.00 million during the quarter, compared to the consensus estimate of $417.55 million. During the same period in the prior year, the company posted $0.03 earnings per share. The firm’s revenue was up 31.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Clearway Energy, Inc. will post 0.81 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.424 dividend. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 6.10%. The ex-dividend date is Monday, December 2nd. Clearway Energy’s dividend payout ratio (DPR) is 160.58%.

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.