Courier Capital LLC Has $801,000 Position in Clearway Energy, Inc. (NYSE:CWEN)

Courier Capital LLC trimmed its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 29.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,789 shares of the company’s stock after selling 12,576 shares during the period. Courier Capital LLC’s holdings in Clearway Energy were worth $801,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CWEN. Ashton Thomas Securities LLC bought a new stake in Clearway Energy during the third quarter worth about $50,000. Wilmington Savings Fund Society FSB bought a new position in Clearway Energy in the third quarter valued at approximately $71,000. Quarry LP increased its position in shares of Clearway Energy by 53.4% during the 2nd quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after purchasing an additional 843 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Clearway Energy during the 3rd quarter worth approximately $106,000. Finally, Recurrent Investment Advisors LLC acquired a new stake in shares of Clearway Energy in the 3rd quarter valued at approximately $202,000. Institutional investors own 84.53% of the company’s stock.

Clearway Energy Stock Down 0.4 %

Shares of CWEN opened at $24.81 on Tuesday. The firm has a market cap of $5.02 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. Clearway Energy, Inc. has a 52 week low of $20.63 and a 52 week high of $30.92. The firm’s 50-day simple moving average is $27.35 and its 200 day simple moving average is $27.51.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Wednesday, October 30th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.17). The firm had revenue of $486.00 million during 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%. Clearway Energy’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. On average, analysts forecast that Clearway Energy, Inc. will post 0.82 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.424 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 6.84%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 2nd. Clearway Energy’s dividend payout ratio is currently 162.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of Clearway Energy in a report on Tuesday, October 1st. They set an “outperform” rating and a $36.00 target price on the stock. StockNews.com lowered shares of Clearway Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 30th. CIBC raised their target price on shares of Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group initiated coverage on Clearway Energy in a report on Friday, September 20th. They set a “buy” rating and a $35.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.13.

Insiders Place Their Bets

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

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.