Clearway Energy, Inc. (NYSE:CWEN) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. lifted its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,337 shares of the company’s stock after purchasing an additional 1,210 shares during the period. AGF Management Ltd.’s holdings in Clearway Energy were worth $425,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. CIBC Asset Management Inc grew its holdings 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 valued at $236,000 after purchasing an additional 414 shares in the last quarter. Ballentine Partners LLC lifted its stake in Clearway Energy by 5.2% in the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock worth $414,000 after acquiring an additional 787 shares during the last quarter. Quad Cities Investment Group LLC lifted its stake in Clearway Energy by 7.6% in the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock worth $328,000 after acquiring an additional 886 shares during the last quarter. Quarry LP lifted its stake in Clearway Energy by 51.6% in the third quarter. Quarry LP now owns 3,671 shares of the company’s stock worth $113,000 after acquiring an additional 1,249 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Clearway Energy by 13.3% in the third quarter. Oppenheimer & Co. Inc. now owns 10,722 shares of the company’s stock worth $329,000 after acquiring an additional 1,260 shares during the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Roth Mkm reiterated a “buy” rating and issued a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.17.

Clearway Energy Stock Down 0.1 %

Shares of NYSE:CWEN opened at $29.14 on Friday. The company has a market capitalization of $5.89 billion, a PE ratio of 28.02, a P/E/G ratio of 1.75 and a beta of 0.92. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a twelve month low of $20.79 and a twelve month high of $30.92. The firm has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $27.47.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). The company had revenue of $256.00 million for 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%. On average, equities analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.4312 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 5.92%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s dividend payout ratio is currently 229.33%.

About Clearway Energy

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.