Baird Financial Group Inc. Has $3.31 Million Holdings in Clearway Energy Inc Class C (NYLD)

Baird Financial Group Inc. lifted its stake in shares of Clearway Energy Inc Class C (NYSE:NYLD) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,342 shares of the utilities provider’s stock after purchasing an additional 14,898 shares during the period. Baird Financial Group Inc. owned 0.10% of Clearway Energy Inc Class C worth $3,308,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NYLD. Quantbot Technologies LP bought a new position in Clearway Energy Inc Class C in the 1st quarter worth approximately $108,000. Financial Gravity Wealth Inc. bought a new position in Clearway Energy Inc Class C in the 1st quarter valued at $152,000. Trexquant Investment LP bought a new position in Clearway Energy Inc Class C in the 2nd quarter valued at $280,000. BlueMountain Capital Management LLC boosted its holdings in Clearway Energy Inc Class C by 65.8% in the 2nd quarter. BlueMountain Capital Management LLC now owns 21,033 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 8,346 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Clearway Energy Inc Class C by 15.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,381 shares of the utilities provider’s stock valued at $380,000 after purchasing an additional 2,971 shares during the period. Institutional investors own 29.58% of the company’s stock.

Shares of NYSE NYLD traded down $0.10 during mid-day trading on Friday, reaching $20.10. 446,116 shares of the company were exchanged, compared to its average volume of 458,455. Clearway Energy Inc Class C has a 52 week low of $15.55 and a 52 week high of $20.75. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 0.59. The company has a market capitalization of $3.80 billion, a P/E ratio of 24.81, a P/E/G ratio of 0.70 and a beta of 2.21.

Clearway Energy Inc Class C (NYSE:NYLD) last posted its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.27. Clearway Energy Inc Class C had a net margin of 5.20% and a return on equity of 6.42%. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $274.39 million. As a group, analysts forecast that Clearway Energy Inc Class C will post 1.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were issued a dividend of $0.32 per share. This is an increase from Clearway Energy Inc Class C’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend was Friday, August 31st. Clearway Energy Inc Class C’s payout ratio is currently 158.02%.

Several research analysts have commented on NYLD shares. Zacks Investment Research raised shares of Clearway Energy Inc Class C from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a report on Tuesday, July 17th. Goldman Sachs Group set a $20.00 price target on shares of Clearway Energy Inc Class C and gave the company a “hold” rating in a report on Thursday, September 13th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.80.

Clearway Energy Inc Class C Profile

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).

Further Reading: Treasury Bonds

Institutional Ownership by Quarter for Clearway Energy Inc Class C (NYSE:NYLD)

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