Kayne Anderson Capital Advisors LP Purchases 73,001 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Kayne Anderson Capital Advisors LP lifted its position in shares of Clearway Energy, Inc. (NYSE:CWEN) by 44.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,328 shares of the company’s stock after acquiring an additional 73,001 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Clearway Energy were worth $6,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Clearway Energy during the 3rd quarter worth $50,000. SBI Securities Co. Ltd. bought a new position in shares of Clearway Energy in the fourth quarter worth about $51,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Clearway Energy during the 3rd quarter valued at about $71,000. Icon Wealth Advisors LLC bought a new position in shares of Clearway Energy during the 3rd quarter valued at approximately $106,000. Finally, Quarry LP grew its stake in shares of Clearway Energy by 51.6% during the 3rd quarter. Quarry LP now owns 3,671 shares of the company’s stock valued at $113,000 after acquiring an additional 1,249 shares during the period. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

Clearway Energy Stock Performance

Shares of NYSE CWEN opened at $28.77 on Wednesday. The company has a market cap of $5.82 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.75 and a beta of 0.92. Clearway Energy, Inc. has a 52-week low of $20.63 and a 52-week high of $30.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59. The firm’s fifty day moving average is $26.31 and its two-hundred day moving average is $27.45.

Clearway Energy (NYSE:CWEN) 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). The firm had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. As a group, analysts anticipate that Clearway Energy, Inc. will post 0.83 EPS 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. Investors of record on Monday, March 3rd will be paid a dividend of $0.4312 per share. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy’s dividend payout ratio (DPR) is currently 229.33%.

Analyst Ratings Changes

Several analysts have recently commented on CWEN shares. 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 reaffirmed a “buy” rating and issued a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently 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.