Clearway Energy, Inc. (NYSE:CWEN) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 579,804 shares of the company’s stock after purchasing an additional 14,296 shares during the period. Northwest & Ethical Investments L.P. owned about 0.29% of Clearway Energy worth $15,075,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mascoma Wealth Management LLC acquired a new position in shares of Clearway Energy in the 4th quarter worth approximately $28,000. 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 acquired a new position in shares of Clearway Energy in the 3rd quarter worth approximately $71,000. Icon Wealth Advisors LLC acquired a new position in shares of Clearway Energy in the 3rd quarter worth approximately $106,000. Finally, Quarry LP grew its stake in shares of Clearway Energy by 51.6% in the 3rd quarter. Quarry LP now owns 3,671 shares of the company’s stock worth $113,000 after purchasing an additional 1,249 shares during the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Stock Performance

CWEN stock opened at $29.68 on Thursday. 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 stock has a market cap of $6.00 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.75 and a beta of 0.91. The firm has a 50 day simple moving average of $26.75 and a 200 day simple moving average of $27.49. Clearway Energy, Inc. has a 52 week low of $20.87 and a 52 week high of $30.92.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.03 EPS 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 analyst estimates of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. Research analysts anticipate that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.4312 per share. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Monday, March 3rd. Clearway Energy’s dividend payout ratio (DPR) is currently 229.33%.

Analysts Set New Price Targets

CWEN has been the subject of several recent analyst reports. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Roth Mkm reiterated a “buy” rating and issued a $34.00 target price (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Clearway Energy currently has an average rating of “Moderate Buy” and an average 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.