Northwest & Ethical Investments L.P. Buys 14,296 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Northwest & Ethical Investments L.P. boosted its position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 579,804 shares of the company's stock after buying an additional 14,296 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.29% of Clearway Energy worth $15,075,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of Clearway Energy during the 3rd quarter valued at approximately $3,532,000. Hancock Whitney Corp bought a new position in Clearway Energy during the third quarter valued at $1,486,000. Oppenheimer & Co. Inc. grew its stake 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 in the last quarter. National Bank of Canada FI increased 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 worth $948,000 after buying an additional 29,262 shares during the last quarter. Finally, abrdn plc raised 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 in the last quarter. Hedge funds and other institutional investors own 84.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CWEN shares. StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Roth Mkm restated a "buy" rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.17.

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Clearway Energy Trading Down 0.3 %

NYSE:CWEN traded down $0.08 during midday trading on Monday, hitting $29.83. The stock had a trading volume of 799,233 shares, compared to its average volume of 821,095. The stock has a 50-day moving average of $27.04 and a 200 day moving average of $27.52. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 1.75 and a beta of 0.92. Clearway Energy, Inc. has a one year low of $21.34 and a one year 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.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its quarterly 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). The firm 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%. As a group, sell-side analysts forecast that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.4312 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.78%. The ex-dividend date was Monday, March 3rd. This is a boost from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's dividend payout ratio is presently 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.