9,547 Shares in Clearway Energy, Inc. (NYSE:CWEN) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,547 shares of the company's stock, valued at approximately $248,000.

Several other large investors also recently bought and sold shares of CWEN. Mascoma Wealth Management LLC purchased a new position in Clearway Energy during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Clearway Energy during the fourth quarter worth approximately $51,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Clearway Energy during the third quarter worth approximately $71,000. Icon Wealth Advisors LLC acquired a new position in shares of Clearway Energy in the 3rd quarter valued at $106,000. Finally, Quarry LP raised its position in Clearway Energy by 51.6% in the 3rd 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 last quarter. Institutional investors and hedge funds own 84.53% of the company's stock.

Clearway Energy Stock Performance

NYSE CWEN traded up $0.17 during trading hours on Tuesday, hitting $30.44. 860,735 shares of the stock were exchanged, compared to its average volume of 864,844. 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 company has a market cap of $6.15 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92. Clearway Energy, Inc. has a 12-month low of $21.72 and a 12-month high of $30.92. The stock has a 50-day moving average of $27.57 and a 200 day moving average of $27.61.

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

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.4312 per share. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Monday, March 3rd. Clearway Energy's payout ratio is presently 229.33%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Roth Mkm reissued a "buy" rating and set a $34.00 price objective (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Clearway Energy in a report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price target on the stock. Finally, StockNews.com raised Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.