Bramshill Investments LLC Buys New Position in Clearway Energy, Inc. (NYSE:CWEN)

Bramshill Investments LLC acquired a new position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,402 shares of the company's stock, valued at approximately $426,000.

Several other institutional investors have also made changes to their positions in CWEN. RWC Asset Management LLP lifted its stake in Clearway Energy by 105.8% during the fourth quarter. RWC Asset Management LLP now owns 1,249,232 shares of the company's stock worth $32,480,000 after purchasing an additional 642,322 shares during the period. King Luther Capital Management Corp boosted its stake 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 in the last quarter. Jupiter Asset Management Ltd. boosted 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 valued at $13,932,000 after buying an additional 247,460 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its position in Clearway Energy by 7.1% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 2,798,918 shares of the company's stock valued at $72,772,000 after acquiring an additional 186,544 shares during the period. Finally, abrdn plc raised its stake in Clearway Energy by 30.7% during the fourth quarter. abrdn plc now owns 602,700 shares of the company's stock worth $15,761,000 after acquiring an additional 141,500 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Clearway Energy Trading Up 0.6 %

NYSE CWEN traded up $0.18 during trading on Friday, reaching $28.92. 743,195 shares of the stock traded hands, compared to its average volume of 875,129. Clearway Energy, Inc. has a fifty-two week low of $24.02 and a fifty-two week high of $31.09. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. The stock's 50-day moving average price is $28.93 and its 200 day moving average price is $27.58.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.28. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $298.00 million for the quarter, compared to the consensus estimate of $305.74 million. During the same quarter last year, the business posted ($0.02) EPS. The firm's revenue was up 13.3% compared to the same quarter last year. Analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.4384 dividend. This represents a $1.75 annualized dividend and a dividend yield of 6.06%. The ex-dividend date is Monday, June 2nd. This is a boost from Clearway Energy's previous quarterly dividend of $0.43. Clearway Energy's dividend payout ratio is 218.75%.

Analyst Upgrades and Downgrades

CWEN has been the topic of several analyst reports. Roth Mkm reaffirmed a "buy" rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Clearway Energy in a report on Tuesday, March 25th. They set a "buy" rating and a $38.00 price objective for the company. Finally, StockNews.com raised Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.71.

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.