1,183 Shares in Clearway Energy, Inc. (NYSE:CWEN) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,183 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CWEN. CIBC Asset Management Inc raised its stake in shares of Clearway Energy by 4.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,074 shares of the company’s stock worth $236,000 after purchasing an additional 414 shares during the last quarter. Ballentine Partners LLC raised its position in Clearway Energy by 5.2% in the 4th quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock worth $414,000 after buying an additional 787 shares during the last quarter. Quad Cities Investment Group LLC lifted its stake in Clearway Energy by 7.6% during the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock valued at $328,000 after acquiring an additional 886 shares during the period. Mascoma Wealth Management LLC purchased a new stake in shares of Clearway Energy during the 4th quarter valued at about $28,000. Finally, AGF Management Ltd. grew its stake in shares of Clearway Energy by 8.0% in the fourth quarter. AGF Management Ltd. now owns 16,337 shares of the company’s stock worth $425,000 after acquiring an additional 1,210 shares during the period. 84.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CWEN. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Roth Mkm restated a “buy” rating and issued a $34.00 price target (up from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Clearway Energy in a research report on Tuesday, March 25th. They set a “buy” rating and a $38.00 price objective for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Clearway Energy currently has a consensus rating of “Moderate Buy” and an average target price of $34.71.

Clearway Energy Price Performance

NYSE CWEN opened at $28.06 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The business’s fifty day moving average is $27.84 and its 200 day moving average is $27.64. The company has a market capitalization of $5.67 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. Clearway Energy, Inc. has a fifty-two week low of $21.72 and a fifty-two week high of $31.09.

Clearway Energy (NYSE:CWEN) last released its earnings results on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). The firm had revenue of $256.00 million during the quarter, compared to analysts’ expectations of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. Sell-side analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.4312 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s dividend payout ratio is presently 229.33%.

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.