Boxwood Ventures Inc. Takes Position in Clearway Energy, Inc. (NYSE:CWEN)

Boxwood Ventures Inc. bought a new position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,889 shares of the company's stock, valued at approximately $361,000. Clearway Energy comprises about 0.5% of Boxwood Ventures Inc.'s investment portfolio, making the stock its 25th largest position.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in Clearway Energy in the third quarter worth $3,532,000. Oppenheimer & Co. Inc. lifted its position in shares of Clearway Energy by 14.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 12,321 shares of the company's stock worth $320,000 after buying an additional 1,599 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Clearway Energy by 1,778.8% in the 3rd quarter. National Bank of Canada FI now owns 30,907 shares of the company's stock valued at $948,000 after buying an additional 29,262 shares during the period. abrdn plc grew its position in shares of Clearway Energy by 30.7% during the 4th quarter. abrdn plc now owns 602,700 shares of the company's stock valued at $15,761,000 after buying an additional 141,500 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in Clearway Energy by 2,840.3% during the fourth quarter. King Luther Capital Management Corp now owns 543,950 shares of the company's stock worth $14,143,000 after acquiring an additional 525,450 shares during the period. Institutional investors and hedge funds own 84.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CWEN shares. StockNews.com raised Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Roth Mkm restated a "buy" rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Clearway Energy in a research report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Clearway Energy presently has an average rating of "Moderate Buy" and a consensus target price of $34.71.

Clearway Energy Stock Performance

Clearway Energy stock traded down $2.73 during mid-day trading on Friday, hitting $28.06. 1,820,245 shares of the company's stock traded hands, compared to its average volume of 866,274. Clearway Energy, Inc. has a one year low of $21.72 and a one year high of $31.09. The company has a market cap 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. The firm has a 50 day moving average price of $27.84 and a 200 day moving average price of $27.64. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted 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 during 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%. On average, equities analysts forecast that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.4312 dividend. The ex-dividend date of this dividend was Monday, March 3rd. 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 6.15%. Clearway Energy's dividend payout ratio (DPR) is 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.