Robeco Institutional Asset Management B.V. Grows Holdings in Clearway Energy Inc (NYSE:CWEN)

Robeco Institutional Asset Management B.V. raised its position in Clearway Energy Inc (NYSE:CWEN) by 1.1% during the second quarter, Holdings Channel.com reports. The firm owned 792,361 shares of the company’s stock after buying an additional 8,509 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Clearway Energy were worth $13,358,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CWEN. Reilly Financial Advisors LLC purchased a new position in shares of Clearway Energy during the 1st quarter worth about $28,000. Quadrant Capital Group LLC lifted its holdings in shares of Clearway Energy by 903.6% during the 1st quarter. Quadrant Capital Group LLC now owns 3,352 shares of the company’s stock worth $50,000 after acquiring an additional 3,018 shares during the period. NumerixS Investment Technologies Inc lifted its holdings in shares of Clearway Energy by 366.7% during the 1st quarter. NumerixS Investment Technologies Inc now owns 9,800 shares of the company’s stock worth $146,000 after acquiring an additional 7,700 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Clearway Energy during the 1st quarter worth about $157,000. Finally, Aveo Capital Partners LLC purchased a new position in shares of Clearway Energy during the 1st quarter worth about $162,000. Institutional investors own 31.54% of the company’s stock.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Clearway Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 4th. Zacks Investment Research upgraded shares of Clearway Energy from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Friday, July 19th. Finally, Bank of America upgraded shares of Clearway Energy from a “neutral” rating to a “buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.00.

CWEN traded down $0.34 on Monday, reaching $17.84. 5,619 shares of the company’s stock were exchanged, compared to its average volume of 555,113. The company’s 50 day simple moving average is $17.25. The company has a market capitalization of $3.52 billion, a P/E ratio of 38.78, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. Clearway Energy Inc has a twelve month low of $12.12 and a twelve month high of $20.75. The company has a current ratio of 0.26, a quick ratio of 0.23 and a debt-to-equity ratio of 2.05.

Clearway Energy (NYSE:CWEN) last posted its earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.20). The business had revenue of $217.00 million for the quarter, compared to analyst estimates of $230.11 million. Clearway Energy had a return on equity of 0.53% and a net margin of 1.15%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. As a group, equities research analysts forecast that Clearway Energy Inc will post 1.51 earnings per share for the current fiscal year.

Clearway Energy Profile

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable energy and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2018, it had contracted generation portfolio of 5,272 net megawatts (MWs) of wind, solar, and natural gas-fired power generation facilities, as well as district energy systems.

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Institutional Ownership by Quarter for Clearway Energy (NYSE:CWEN)

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