Simmons Bank Makes New Investment in Clearway Energy, Inc. (NYSE:CWEN)

Simmons Bank purchased a new position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,500 shares of the company's stock, valued at approximately $377,000.

A number of other large investors also recently modified their holdings of CWEN. Ashton Thomas Securities LLC bought a new stake in Clearway Energy during the 3rd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Clearway Energy during the third quarter worth $71,000. Icon Wealth Advisors LLC bought a new stake in shares of Clearway Energy in the third quarter worth $106,000. Quarry LP increased its holdings in Clearway Energy by 51.6% in the third quarter. Quarry LP now owns 3,671 shares of the company's stock valued at $113,000 after purchasing an additional 1,249 shares during the period. Finally, Recurrent Investment Advisors LLC bought a new position in Clearway Energy during the 3rd quarter worth $202,000. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Stock Down 1.2 %

NYSE:CWEN traded down $0.34 during trading hours on Monday, reaching $27.25. The company had a trading volume of 861,680 shares, compared to its average volume of 841,221. Clearway Energy, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 1.75 and a beta of 0.88. The business's 50-day simple moving average is $26.18 and its two-hundred day simple moving average is $27.51.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its 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). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The firm had revenue of $256.00 million during the quarter, compared to analyst estimates of $299.73 million. On average, equities analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.4312 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.33%. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy's dividend payout ratio is presently 229.33%.

Wall Street Analysts Forecast Growth

CWEN has been the topic of a number of analyst reports. 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 report on Tuesday, February 25th. StockNews.com cut Clearway Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.17.

Insider Buying and Selling

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total transaction of $53,480.00. Following the transaction, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. This represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.

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.