Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,084 shares of the company’s stock, valued at approximately $28,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWEN. Ashton Thomas Securities LLC bought a new stake in Clearway Energy in the third quarter worth about $50,000. SBI Securities Co. Ltd. acquired a new position in shares of Clearway Energy in the 4th quarter worth approximately $51,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Clearway Energy in the 3rd quarter worth approximately $71,000. Icon Wealth Advisors LLC acquired a new stake in Clearway Energy during the third quarter valued at approximately $106,000. Finally, Quarry LP boosted its holdings in Clearway Energy by 51.6% during the third quarter. Quarry LP now owns 3,671 shares of the company’s stock worth $113,000 after buying an additional 1,249 shares in the last quarter. Institutional investors own 84.53% of the company’s stock.
Clearway Energy Trading Down 0.9 %
Clearway Energy stock opened at $29.13 on Friday. The company has a 50 day moving average price of $26.43 and a 200 day moving average price of $27.46. 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 has a market capitalization of $5.89 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.75 and a beta of 0.92.
Clearway Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.4312 dividend. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.92%. Clearway Energy’s dividend payout ratio is currently 229.33%.
Analyst Ratings Changes
CWEN has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and issued a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Clearway Energy has an average rating of “Moderate Buy” and a consensus price target of $34.17.
Check Out Our Latest Research Report on Clearway Energy
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.
See Also
- Five stocks we like better than Clearway Energy
- How to Calculate Inflation Rate
- 3 Undervalued Stocks You Can Buy at a Discount Now
- Using the MarketBeat Stock Split Calculator
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- What Are Dividend Achievers? An Introduction
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Want to see what other hedge funds are holding CWEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clearway Energy, Inc. (NYSE:CWEN – Free Report).
Receive News & Ratings for Clearway Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearway Energy and related companies with MarketBeat.com's FREE daily email newsletter.