7,817 Shares in Clearway Energy, Inc. (NYSE:CWEN) Purchased by Xponance Inc.

Xponance Inc. purchased a new position in shares of Clearway Energy, Inc. (NYSE:CWEN) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,817 shares of the company’s stock, valued at approximately $214,000.

Several other large investors also recently bought and sold shares of the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in Clearway Energy by 8.9% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 832,538 shares of the company’s stock valued at $17,617,000 after acquiring an additional 68,023 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Clearway Energy by 12.8% in the 3rd quarter. Victory Capital Management Inc. now owns 618,180 shares of the company’s stock valued at $13,081,000 after buying an additional 70,351 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of Clearway Energy by 19.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 99,419 shares of the company’s stock valued at $2,104,000 after buying an additional 16,028 shares during the period. Bank of Nova Scotia purchased a new stake in shares of Clearway Energy in the 3rd quarter valued at approximately $2,100,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Clearway Energy by 17.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 74,853 shares of the company’s stock valued at $2,053,000 after buying an additional 11,097 shares during the period. Hedge funds and other institutional investors own 38.03% of the company’s stock.

Insiders Place Their Bets

In related news, Director Se Totalenergies acquired 196,964 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the transaction, the director now owns 295,235 shares in the company, valued at approximately $6,749,072.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CWEN. Oppenheimer increased their price target on shares of Clearway Energy from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Marathon Capitl reissued an “equal weight” rating on shares of Clearway Energy in a research note on Tuesday, March 26th. Royal Bank of Canada dropped their price target on shares of Clearway Energy from $26.00 to $25.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 27th. StockNews.com cut shares of Clearway Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Morgan Stanley boosted their target price on Clearway Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.33.

Clearway Energy Stock Up 0.3 %

Shares of NYSE:CWEN opened at $23.14 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.72 and a quick ratio of 1.66. The firm has a market capitalization of $4.68 billion, a PE ratio of 34.03 and a beta of 0.88. The firm’s 50-day moving average is $22.49 and its two-hundred day moving average is $23.61. Clearway Energy, Inc. has a 1 year low of $18.59 and a 1 year high of $31.72.

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

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.403 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.40. This represents a $1.61 dividend on an annualized basis and a yield of 6.97%. Clearway Energy’s dividend payout ratio is 236.76%.

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.