Mascoma Wealth Management LLC Takes Position in Clearway Energy, Inc. (NYSE:CWEN)

Mascoma Wealth Management LLC acquired a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN) 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 (NYSE:CWEN) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). The business had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. Research analysts forecast that Clearway Energy, Inc. will post 0.83 EPS for the current year.

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.

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.