Inceptionr LLC Invests $220,000 in Clearway Energy, Inc. (NYSE:CWEN)

Inceptionr LLC bought a new position in Clearway Energy, Inc. (NYSE:CWEN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,462 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Clearway Energy in the 3rd quarter worth $3,532,000. Hancock Whitney Corp purchased a new position in shares of Clearway Energy in the 3rd quarter worth about $1,486,000. National Bank of Canada FI boosted its holdings in shares of Clearway Energy by 1,778.8% in the 3rd quarter. National Bank of Canada FI now owns 30,907 shares of the company’s stock worth $948,000 after buying an additional 29,262 shares during the last quarter. abrdn plc boosted its holdings in shares of Clearway Energy by 30.7% in the 4th quarter. abrdn plc now owns 602,700 shares of the company’s stock worth $15,761,000 after buying an additional 141,500 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of Clearway Energy in the 4th quarter worth about $325,000. Institutional investors own 84.53% of the company’s stock.

Clearway Energy Trading Up 3.7 %

Shares of CWEN opened at $28.64 on Tuesday. The business’s 50-day moving average price is $26.26 and its 200-day moving average price is $27.45. Clearway Energy, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92. The stock has a market cap of $5.79 billion, a PE ratio of 27.54, a P/E/G ratio of 1.75 and a beta of 0.92. 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 announced its quarterly earnings results 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). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The company had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. On average, equities analysts forecast that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.4312 per share. The ex-dividend date is Monday, March 3rd. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 6.02%. Clearway Energy’s dividend payout ratio is currently 229.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CWEN. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Roth Mkm reaffirmed a “buy” rating and set a $34.00 price objective (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Clearway Energy has an average rating of “Moderate Buy” and an average price target of $34.17.

Insider Buying and Selling

In related news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total value of $53,480.00. Following the transaction, the director now directly owns 8,153 shares in the company, valued at approximately $218,011.22. This represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

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.