Jupiter Asset Management Ltd. Has $13.93 Million Position in Clearway Energy, Inc. (NYSE:CWEN)

Jupiter Asset Management Ltd. boosted its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 85.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,858 shares of the company's stock after buying an additional 247,460 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.27% of Clearway Energy worth $13,932,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Clearway Energy in the 3rd quarter valued at $50,000. Entropy Technologies LP acquired a new stake in shares of Clearway Energy in the third quarter valued at about $1,026,000. Oppenheimer & Co. Inc. grew its position in shares of Clearway Energy by 13.3% in the third quarter. Oppenheimer & Co. Inc. now owns 10,722 shares of the company's stock valued at $329,000 after purchasing an additional 1,260 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Clearway Energy in the third quarter valued at about $245,000. Finally, ING Groep NV acquired a new stake in Clearway Energy in the 3rd quarter valued at approximately $229,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CWEN. StockNews.com upgraded shares of Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Roth Mkm restated a "buy" rating and issued a $34.00 price target (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.17.

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Clearway Energy Price Performance

Shares of NYSE:CWEN traded down $0.26 on Thursday, hitting $29.13. The stock had a trading volume of 1,130,479 shares, compared to its average volume of 926,279. Clearway Energy, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The firm's 50 day moving average price is $26.43 and its 200-day moving average price is $27.46. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92.

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

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.4312 per share. This is an increase from Clearway Energy's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.72 annualized dividend and a yield of 5.92%. Clearway Energy's dividend payout ratio is 229.33%.

Clearway Energy 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.