31,277 Shares in Clearway Energy, Inc. (NYSE:CWEN) Bought by Wright Investors Service Inc.

Wright Investors Service Inc. acquired a new position in shares of Clearway Energy, Inc. (NYSE:CWEN) during the 4th quarter, Holdings Channel.com reports. The firm acquired 31,277 shares of the company’s stock, valued at approximately $858,000.

Other hedge funds have also added to or reduced their stakes in the company. 1832 Asset Management L.P. lifted its holdings in shares of Clearway Energy by 49.2% in the first quarter. 1832 Asset Management L.P. now owns 2,328,073 shares of the company’s stock valued at $72,939,000 after purchasing an additional 767,961 shares in the last quarter. Candriam S.C.A. bought a new stake in Clearway Energy during the first quarter worth about $8,081,000. National Bank of Canada FI raised its holdings in Clearway Energy by 751.9% during the third quarter. National Bank of Canada FI now owns 286,137 shares of the company’s stock worth $5,651,000 after acquiring an additional 252,548 shares in the last quarter. ClearBridge Investments Ltd raised its holdings in Clearway Energy by 4.0% during the first quarter. ClearBridge Investments Ltd now owns 5,246,887 shares of the company’s stock worth $77,619,000 after acquiring an additional 204,217 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Clearway Energy by 899.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 113,900 shares of the company’s stock worth $3,630,000 after acquiring an additional 102,500 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

Insider Buying and Selling

In other Clearway Energy news, Director Se Totalenergies purchased 196,964 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the transaction, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Clearway Energy Stock Up 1.1 %

NYSE CWEN opened at $22.50 on Friday. The business has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $23.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.72 and a quick ratio of 1.66. Clearway Energy, Inc. has a fifty-two week low of $18.59 and a fifty-two week high of $31.85. The stock has a market capitalization of $4.55 billion, a PE ratio of 33.09 and a beta of 0.88.

Clearway Energy (NYSE:CWEN) last announced its earnings results on Thursday, February 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.15. The business had revenue of $249.00 million during the quarter, compared to analyst estimates of $282.45 million. Clearway Energy had a return on equity of 1.80% and a net margin of 6.01%. Clearway Energy’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. Equities analysts expect that Clearway Energy, Inc. will post 0.92 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.403 per share. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.40. This represents a $1.61 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend was Thursday, February 29th. Clearway Energy’s dividend payout ratio (DPR) is currently 236.76%.

Analyst Ratings Changes

CWEN has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on Clearway Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, March 1st. Oppenheimer upped their target price on Clearway Energy from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Royal Bank of Canada decreased their target price on Clearway Energy from $26.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 27th. StockNews.com downgraded Clearway Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Marathon Capitl reaffirmed an “equal weight” rating on shares of Clearway Energy in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Clearway Energy currently has a consensus rating of “Hold” and a consensus target price of $28.33.

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.