National Bank of Canada FI Has $948,000 Holdings in Clearway Energy, Inc. (NYSE:CWEN)

National Bank of Canada FI lifted its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 1,778.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,907 shares of the company’s stock after buying an additional 29,262 shares during the quarter. National Bank of Canada FI’s holdings in Clearway Energy were worth $948,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Summit Global Investments bought a new stake in Clearway Energy in the second quarter valued at about $876,000. Griffin Asset Management Inc. increased its stake in shares of Clearway Energy by 7.8% in the 2nd quarter. Griffin Asset Management Inc. now owns 27,728 shares of the company’s stock valued at $685,000 after acquiring an additional 2,010 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Clearway Energy by 107.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 47,931 shares of the company’s stock valued at $1,183,000 after acquiring an additional 24,864 shares during the period. Whittier Trust Co. boosted its stake in Clearway Energy by 33.8% during the 2nd quarter. Whittier Trust Co. now owns 2,027 shares of the company’s stock worth $50,000 after acquiring an additional 512 shares during the last quarter. Finally, TrueMark Investments LLC acquired a new position in Clearway Energy during the second quarter valued at approximately $641,000. 84.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CWEN. CIBC increased their target price on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. BNP Paribas assumed coverage on Clearway Energy in a research note on Tuesday, October 1st. They set an “outperform” rating and a $36.00 price objective on the stock. StockNews.com cut Clearway Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 30th. Finally, Jefferies Financial Group began coverage on Clearway Energy in a report on Friday, September 20th. They set a “buy” rating and a $35.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.13.

Clearway Energy Stock Down 0.2 %

CWEN stock opened at $27.28 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The stock has a market capitalization of $5.51 billion, a P/E ratio of 26.23, a P/E/G ratio of 1.26 and a beta of 0.86. Clearway Energy, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $30.92. The business has a 50-day moving average of $27.83 and a 200-day moving average of $27.59.

Clearway Energy (NYSE:CWEN) last released its quarterly 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). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $486.00 million for the quarter, compared to analyst estimates of $417.55 million. During the same period last year, the company earned $0.03 EPS. The company’s revenue was up 31.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Clearway Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The firm 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.70 dividend on an annualized basis and a yield of 6.22%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s dividend payout ratio (DPR) is 163.46%.

Insider Buying and Selling at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the transaction, the director now directly owns 8,153 shares in the company, valued at $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.52% of the company’s stock.

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.