Clearway Energy, Inc. (NYSE:CWEN) Position Increased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. raised its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 85.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,858 shares of the company’s stock after purchasing an additional 247,460 shares during the period. Jupiter Asset Management Ltd.’s holdings in Clearway Energy were worth $13,932,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in shares of Clearway Energy by 4.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,074 shares of the company’s stock worth $236,000 after acquiring an additional 414 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Clearway Energy by 5.2% during the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock worth $414,000 after acquiring an additional 787 shares during the last quarter. Quad Cities Investment Group LLC grew its position in shares of Clearway Energy by 7.6% during the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock worth $328,000 after acquiring an additional 886 shares during the last quarter. AGF Management Ltd. grew its position in shares of Clearway Energy by 8.0% during the fourth quarter. AGF Management Ltd. now owns 16,337 shares of the company’s stock worth $425,000 after acquiring an additional 1,210 shares during the last quarter. Finally, Quarry LP grew its position in shares of Clearway Energy by 51.6% during the third quarter. Quarry LP now owns 3,671 shares of the company’s stock worth $113,000 after acquiring an additional 1,249 shares during the last quarter. Institutional investors own 84.53% of the company’s stock.

Clearway Energy Stock Performance

CWEN stock opened at $29.43 on Thursday. The company has a market capitalization of $5.95 billion, a P/E ratio of 28.29, a PEG ratio of 1.75 and a beta of 0.92. The company has a 50-day simple moving average of $26.36 and a 200 day simple moving average of $27.45. Clearway Energy, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $30.92. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data 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 company had revenue of $256.00 million during the quarter, compared to analyst estimates of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. Sell-side analysts predict that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.4312 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.86%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy’s dividend payout ratio is presently 229.33%.

Analyst Ratings Changes

Several research firms have recently commented on CWEN. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. 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 report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Clearway Energy has a consensus rating of “Moderate Buy” and a consensus target price of $34.17.

Clearway Energy 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.