Clearway Energy, Inc. (NYSE:CWEN) Shares Purchased by Natixis

Natixis increased its position in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 107.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,394 shares of the company's stock after purchasing an additional 43,700 shares during the period. Natixis' holdings in Clearway Energy were worth $2,194,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mascoma Wealth Management LLC acquired a new stake in Clearway Energy during the 4th quarter worth $28,000. New Age Alpha Advisors LLC acquired a new stake in shares of Clearway Energy during the fourth quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Clearway Energy in the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Clearway Energy in the 3rd quarter valued at about $71,000. Finally, Aster Capital Management DIFC Ltd grew its stake in Clearway Energy by 233.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 6,885 shares of the company's stock worth $179,000 after buying an additional 4,823 shares during the last quarter. Hedge funds and other institutional investors own 84.53% of the company's stock.

Wall Street Analysts Forecast Growth

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

Clearway Energy Price Performance

Clearway Energy stock traded up $0.10 during mid-day trading on Monday, reaching $29.05. The company had a trading volume of 95,236 shares, compared to its average volume of 876,114. The stock's 50-day simple moving average is $28.58 and its 200-day simple moving average is $27.48. The company has a market capitalization of $5.87 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.75 and a beta of 0.85. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. Clearway Energy, Inc. has a 1 year low of $22.75 and a 1 year high of $31.09.

Clearway Energy (NYSE:CWEN - Get Free Report) last posted its 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 firm had revenue of $256.00 million for the quarter, compared to analysts' expectations of $299.73 million. On average, equities analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.4312 per share. This is an increase from Clearway Energy's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Monday, March 3rd. Clearway Energy's dividend payout ratio (DPR) is 229.33%.

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.