Frank Rimerman Advisors LLC Boosts Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Frank Rimerman Advisors LLC raised its holdings in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 132.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,598 shares of the company's stock after purchasing an additional 8,881 shares during the period. Frank Rimerman Advisors LLC's holdings in Clearway Energy were worth $406,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hilton Capital Management LLC grew its stake in Clearway Energy by 5.0% in the 4th quarter. Hilton Capital Management LLC now owns 52,448 shares of the company's stock worth $1,364,000 after buying an additional 2,498 shares in the last quarter. Mascoma Wealth Management LLC purchased a new position in Clearway Energy in the 4th quarter worth approximately $28,000. Jupiter Asset Management Ltd. grew its stake in Clearway Energy by 85.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 535,858 shares of the company's stock worth $13,932,000 after buying an additional 247,460 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Clearway Energy by 44.2% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 238,328 shares of the company's stock worth $6,197,000 after buying an additional 73,001 shares in the last quarter. Finally, AGF Management Ltd. lifted its holdings in shares of Clearway Energy by 8.0% in the 4th quarter. AGF Management Ltd. now owns 16,337 shares of the company's stock worth $425,000 after acquiring an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 84.53% of the company's stock.

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Clearway Energy Stock Up 1.3 %

CWEN stock traded up $0.39 during trading on Thursday, hitting $30.06. 691,204 shares of the stock traded hands, compared to its average volume of 820,320. Clearway Energy, Inc. has a 1 year low of $20.87 and a 1 year high of $30.92. The firm's 50 day moving average is $26.75 and its two-hundred day moving average is $27.49. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.91. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Clearway Energy, Inc. will post 0.83 EPS 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 paid a dividend of $0.4312 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.72 annualized dividend and a yield of 5.74%. This is a boost from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's dividend payout ratio is currently 229.33%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CWEN. StockNews.com upgraded shares of 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 price objective (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.17.

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.