Wealthquest Corp Invests $274,000 in Clearway Energy, Inc. (NYSE:CWEN)

Wealthquest Corp acquired a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,067 shares of the company's stock, valued at approximately $274,000.

A number of other institutional investors have also modified their holdings of the business. Mascoma Wealth Management LLC acquired a new position in Clearway Energy during the 4th quarter valued at about $28,000. New Age Alpha Advisors LLC bought a new position in shares of Clearway Energy in the fourth quarter valued at approximately $31,000. SBI Securities Co. Ltd. acquired a new stake in Clearway Energy during the fourth quarter valued at approximately $51,000. NBT Bank N A NY acquired a new stake in Clearway Energy during the first quarter valued at approximately $71,000. Finally, Quarry LP lifted its stake in Clearway Energy by 48.6% during the fourth quarter. Quarry LP now owns 5,454 shares of the company's stock valued at $142,000 after purchasing an additional 1,783 shares during the last quarter. Institutional investors own 84.53% of the company's stock.

Analyst Ratings Changes

CWEN has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Clearway Energy in a research report on Tuesday, March 25th. They issued a "buy" rating and a $38.00 price target for the company. Roth Mkm restated 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, Wall Street Zen lowered shares of Clearway Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.50.

Clearway Energy Stock Performance

NYSE:CWEN opened at $32.06 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.42 and a debt-to-equity ratio of 1.33. Clearway Energy, Inc. has a 1 year low of $24.02 and a 1 year high of $32.64. The firm's fifty day simple moving average is $30.00 and its 200 day simple moving average is $28.20. The firm has a market capitalization of $6.48 billion, a PE ratio of 40.07, a PEG ratio of 0.75 and a beta of 0.87.

Clearway Energy (NYSE:CWEN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.28. Clearway Energy had a net margin of 6.69% and a return on equity of 1.68%. The firm had revenue of $298.00 million during the quarter, compared to the consensus estimate of $305.74 million. During the same period in the prior year, the firm earned ($0.02) EPS. The business's revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts anticipate that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.4384 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.47%. This is an increase from Clearway Energy's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, June 2nd. Clearway Energy's dividend payout ratio (DPR) is presently 218.75%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.