J. Safra Sarasin Holding AG Buys Shares of 42,923 Clearway Energy, Inc. (NYSE:CWEN)

J. Safra Sarasin Holding AG bought a new position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 42,923 shares of the company's stock, valued at approximately $1,116,000.

A number of other institutional investors have also bought and sold shares of the business. Mascoma Wealth Management LLC purchased a new stake in Clearway Energy in the 4th quarter worth $28,000. New Age Alpha Advisors LLC purchased a new stake in shares of Clearway Energy in the fourth quarter worth about $31,000. 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 purchased a new position in Clearway Energy during the 3rd quarter valued at approximately $71,000. Finally, Aster Capital Management DIFC Ltd increased its stake in Clearway Energy by 233.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 6,885 shares of the company's stock worth $179,000 after acquiring 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

A number of research firms have recently commented on CWEN. Roth Mkm reiterated a "buy" rating and set a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Clearway Energy in a research report on Tuesday, March 25th. They set a "buy" rating and a $38.00 target price on the stock. Finally, StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Clearway Energy presently has an average rating of "Moderate Buy" and an average price target of $34.71.

Clearway Energy Trading Up 0.5 %

Shares of CWEN traded up $0.14 during trading hours on Monday, reaching $29.09. 127,231 shares of the company traded hands, compared to its average volume of 876,259. The stock's fifty day moving average price is $28.58 and its 200 day moving average price is $27.48. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.75 and a beta of 0.85. Clearway Energy, Inc. has a 12-month low of $22.75 and a 12-month high of $31.09.

Clearway Energy (NYSE:CWEN - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). The company had revenue of $256.00 million during the quarter, compared to analysts' expectations of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. Sell-side analysts forecast that Clearway Energy, Inc. will post 0.83 earnings per share for the current year.

Clearway Energy Increases Dividend

The company also recently disclosed 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 5.93%. The ex-dividend date of this dividend was Monday, March 3rd. Clearway Energy's dividend payout ratio (DPR) is presently 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.