ING Groep NV Buys 69,950 Shares of Clearway Energy, Inc. (NYSE:CWEN)

ING Groep NV raised its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 938.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,400 shares of the company's stock after purchasing an additional 69,950 shares during the period. ING Groep NV's holdings in Clearway Energy were worth $2,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bryn Mawr Capital Management LLC bought a new position in shares of Clearway Energy in the 4th quarter worth about $361,000. CIBC Asset Management Inc grew its holdings in Clearway Energy by 4.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,074 shares of the company's stock worth $236,000 after purchasing an additional 414 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Clearway Energy by 11.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 75,564 shares of the company's stock valued at $1,965,000 after purchasing an additional 7,703 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of Clearway Energy by 6.7% during the fourth quarter. Congress Asset Management Co. now owns 201,876 shares of the company's stock valued at $5,249,000 after purchasing an additional 12,640 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of Clearway Energy during the fourth quarter valued at approximately $325,000. Institutional investors own 84.53% of the company's stock.

Clearway Energy Stock Performance

Shares of NYSE:CWEN traded down $0.45 during midday trading on Thursday, hitting $27.31. The company had a trading volume of 882,895 shares, compared to its average volume of 813,610. Clearway Energy, Inc. has a 12-month low of $20.63 and a 12-month high of $30.92. The company has a fifty day moving average of $26.11 and a two-hundred day moving average of $27.53. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.75 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49.

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Clearway Energy (NYSE:CWEN - Get Free Report) last issued 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). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company had revenue of $256.00 million during the quarter, compared to analysts' expectations of $299.73 million. On average, equities research analysts expect that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.4312 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.72 annualized dividend and a yield of 6.32%. This is an increase from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's payout ratio is currently 165.38%.

Insider Buying and Selling at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the sale, the director now directly owns 8,153 shares of the company's stock, valued at $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CWEN shares. StockNews.com cut Clearway Energy from a "hold" rating to a "sell" rating in a research note on Tuesday. 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Clearway Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.86.

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.