J. Safra Sarasin Holding AG Invests $1.12 Million in Clearway Energy, Inc. (NYSE:CWEN)

J. Safra Sarasin Holding AG purchased a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 42,923 shares of the company's stock, valued at approximately $1,116,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. raised its position in Clearway Energy by 14.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,321 shares of the company's stock valued at $320,000 after purchasing an additional 1,599 shares during the period. abrdn plc increased its position in shares of Clearway Energy by 30.7% during the 4th quarter. abrdn plc now owns 602,700 shares of the company's stock worth $15,761,000 after purchasing an additional 141,500 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Clearway Energy by 2,840.3% in the 4th quarter. King Luther Capital Management Corp now owns 543,950 shares of the company's stock valued at $14,143,000 after buying an additional 525,450 shares during the period. Simmons Bank acquired a new position in Clearway Energy in the fourth quarter valued at about $377,000. Finally, ABC Arbitrage SA purchased a new position in Clearway Energy during the fourth quarter worth about $325,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Clearway Energy Stock Up 3.3 %

Shares of NYSE CWEN opened at $28.25 on Wednesday. The stock has a market cap of $5.71 billion, a P/E ratio of 27.17, a PEG ratio of 1.75 and a beta of 0.85. The business's fifty day simple moving average is $28.44 and its 200-day simple moving average is $27.47. Clearway Energy, Inc. has a 12-month low of $22.69 and a 12-month high of $31.09. 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 (NYSE:CWEN - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share (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 company had revenue of $256.00 million during the quarter, compared to analysts' expectations of $299.73 million. As a group, equities analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.4312 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.11%. Clearway Energy's dividend payout ratio is currently 229.33%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Roth Mkm reissued a "buy" rating and issued a $34.00 price target (up from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Clearway Energy in a research report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price target for the company. One analyst has rated the stock with a hold rating and six 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 $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.

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