8,462 Shares in Clearway Energy, Inc. (NYSE:CWEN) Acquired by Inceptionr LLC

Inceptionr LLC acquired a new position in Clearway Energy, Inc. (NYSE:CWEN) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,462 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Clearway Energy during the third quarter valued at approximately $50,000. SBI Securities Co. Ltd. bought a new position in Clearway Energy during the fourth quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB bought a new position in Clearway Energy during the third quarter valued at approximately $71,000. Icon Wealth Advisors LLC bought a new position in Clearway Energy during the third quarter valued at approximately $106,000. Finally, Quarry LP grew its position in Clearway Energy by 51.6% during the third quarter. Quarry LP now owns 3,671 shares of the company’s stock valued at $113,000 after acquiring an additional 1,249 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Brian R. Ford sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CWEN shares. Roth Mkm reiterated a “buy” rating and set a $34.00 price target (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.17.

Clearway Energy Stock Performance

NYSE:CWEN opened at $28.64 on Tuesday. The firm has a market cap of $5.79 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92. Clearway Energy, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $30.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The business has a 50 day moving average price of $26.26 and a 200-day moving average price of $27.45.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $299.73 million. Equities research analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.4312 dividend. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 6.02%. Clearway Energy’s dividend payout ratio (DPR) is presently 229.33%.

About Clearway Energy

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.