Farringdon Capital Ltd. Takes $1.58 Million Position in Clearway Energy, Inc. (NYSE:CWEN)

Farringdon Capital Ltd. acquired a new position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 60,867 shares of the company's stock, valued at approximately $1,583,000. Clearway Energy makes up 0.7% of Farringdon Capital Ltd.'s investment portfolio, making the stock its 20th largest holding.

Other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in Clearway Energy by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,074 shares of the company's stock valued at $236,000 after purchasing an additional 414 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Clearway Energy by 5.2% during the 4th quarter. Ballentine Partners LLC now owns 15,916 shares of the company's stock worth $414,000 after buying an additional 787 shares during the period. Quad Cities Investment Group LLC grew its stake in Clearway Energy by 7.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company's stock valued at $328,000 after buying an additional 886 shares during the last quarter. Mascoma Wealth Management LLC bought a new position in Clearway Energy in the 4th quarter valued at about $28,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Clearway Energy during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 84.53% of the company's stock.

Clearway Energy Stock Up 3.0 %

CWEN stock traded up $0.81 during trading on Tuesday, reaching $28.16. 269,902 shares of the stock were exchanged, compared to its average volume of 872,479. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a twelve month low of $22.61 and a twelve month high of $31.09. The firm's 50 day moving average is $28.40 and its 200 day moving average is $27.47. The firm has a market cap of $5.69 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85.

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 the consensus estimate of $0.13 by ($0.10). The business had revenue of $256.00 million for 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%. As a group, research 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 paid a $0.4312 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 6.13%. Clearway Energy's dividend payout ratio is 229.33%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CWEN. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Clearway Energy in a research report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 target price for the company. 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, StockNews.com upgraded shares of Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Clearway Energy currently has an average rating of "Moderate Buy" and a consensus target price of $34.71.

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.