Bryn Mawr Capital Management LLC Makes New $1.47 Million Investment in Clearway Energy, Inc. (NYSE:CWEN)

Bryn Mawr Capital Management LLC purchased a new stake in Clearway Energy, Inc. (NYSE:CWEN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 56,400 shares of the company's stock, valued at approximately $1,466,000.

Several other large investors have also recently made changes to their positions in the stock. Creative Planning lifted its holdings in shares of Clearway Energy by 23.5% during the 3rd quarter. Creative Planning now owns 16,450 shares of the company's stock valued at $505,000 after purchasing an additional 3,134 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Clearway Energy by 11.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 20,890 shares of the company's stock valued at $641,000 after buying an additional 2,200 shares in the last quarter. abrdn plc raised its stake in Clearway Energy by 8.7% in the third quarter. abrdn plc now owns 461,200 shares of the company's stock valued at $14,150,000 after buying an additional 37,100 shares during the last quarter. Congress Asset Management Co. boosted its holdings in Clearway Energy by 0.4% in the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company's stock worth $5,806,000 after acquiring an additional 699 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of Clearway Energy during the third quarter worth about $230,000. 84.53% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Brian R. Ford sold 2,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares of the company's stock, valued at approximately $218,011.22. This represents a 19.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently commented on CWEN shares. StockNews.com lowered shares of Clearway Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Roth Mkm reaffirmed a "buy" rating and issued a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.17.

Clearway Energy Stock Performance

Shares of NYSE:CWEN traded up $0.79 during midday trading on Friday, reaching $28.07. The company's stock had a trading volume of 1,900,218 shares, compared to its average volume of 841,457. 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 stock has a fifty day moving average of $26.18 and a 200 day moving average of $27.52. Clearway Energy, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92. The firm has a market capitalization of $5.67 billion, a PE ratio of 26.99, a P/E/G ratio of 1.75 and a beta of 0.88.

Clearway Energy (NYSE:CWEN - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.10). The company had revenue of $256.00 million for the quarter, compared to analysts' expectations of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. On average, equities analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.4312 per share. This is a boost from Clearway Energy's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.15%. Clearway Energy's dividend payout ratio (DPR) is presently 229.33%.

About Clearway Energy

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.