Clearway Energy, Inc. (NYSE:CWEN) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. increased its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,337 shares of the company’s stock after purchasing an additional 1,210 shares during the period. AGF Management Ltd.’s holdings in Clearway Energy were worth $425,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. King Luther Capital Management Corp raised its position in Clearway Energy by 2,840.3% during the 4th quarter. King Luther Capital Management Corp now owns 543,950 shares of the company’s stock worth $14,143,000 after buying an additional 525,450 shares during the last quarter. Inceptionr LLC purchased a new position in Clearway Energy during the 4th quarter worth $220,000. M&T Bank Corp purchased a new position in Clearway Energy during the 4th quarter worth $373,000. Victory Capital Management Inc. raised its position in Clearway Energy by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 175,202 shares of the company’s stock worth $4,555,000 after buying an additional 6,879 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Clearway Energy during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Clearway Energy Stock Performance

Shares of CWEN opened at $29.14 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The company has a 50-day simple moving average of $26.54 and a 200-day simple moving average of $27.47. Clearway Energy, Inc. has a 52-week low of $20.79 and a 52-week high of $30.92. The company has a market capitalization of $5.89 billion, a PE ratio of 28.02, a P/E/G ratio of 1.75 and a beta of 0.92.

Clearway Energy (NYSE:CWEN) last posted its 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 business had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $299.73 million. Equities research 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be 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 5.92%. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy’s dividend payout ratio (DPR) is 229.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CWEN shares. Roth Mkm restated a “buy” rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Clearway Energy presently has a consensus rating of “Moderate Buy” and a consensus price target 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.