Aquatic Capital Management LLC Makes New $1.92 Million Investment in Clearway Energy, Inc. (NYSE:CWEN)

Aquatic Capital Management LLC acquired a new position 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 Securities & Exchange Commission. The firm acquired 73,753 shares of the company's stock, valued at approximately $1,918,000.

Several other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp purchased a new position in shares of Clearway Energy during the third quarter worth about $277,000. Wilmington Savings Fund Society FSB purchased a new stake in Clearway Energy in the 3rd quarter valued at approximately $71,000. Fulton Bank N.A. increased its position in Clearway Energy by 14.8% during the 4th quarter. Fulton Bank N.A. now owns 14,007 shares of the company's stock worth $364,000 after purchasing an additional 1,801 shares during the period. Quad Cities Investment Group LLC raised its stake in shares of Clearway Energy by 7.6% during the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company's stock worth $328,000 after buying an additional 886 shares in the last quarter. Finally, Oak Thistle LLC lifted its holdings in shares of Clearway Energy by 46.5% in the 4th quarter. Oak Thistle LLC now owns 45,664 shares of the company's stock valued at $1,187,000 after buying an additional 14,502 shares during the period. Hedge funds and other institutional investors own 84.53% of the company's stock.

Clearway Energy Stock Up 1.7 %

Clearway Energy stock opened at $29.45 on Tuesday. 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 firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. Clearway Energy, Inc. has a fifty-two week low of $22.75 and a fifty-two week high of $31.09. The stock's fifty day moving average is $28.63 and its two-hundred day moving average is $27.49.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). The firm had revenue of $256.00 million during the quarter, compared to analyst estimates of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. Analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.4312 dividend. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.72 annualized dividend and a yield of 5.86%. Clearway Energy's dividend payout ratio is 229.33%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CWEN shares. StockNews.com raised Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Clearway Energy in a report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price objective on the stock. Finally, Roth Mkm reaffirmed a "buy" rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Clearway Energy presently has a consensus rating of "Moderate Buy" and a consensus 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.

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