879 Shares in Clearway Energy, Inc. (NYSE:CWEN) Acquired by Alpine Bank Wealth Management

Alpine Bank Wealth Management purchased a new stake in Clearway Energy, Inc. (NYSE:CWEN) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 879 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mascoma Wealth Management LLC bought a new stake in Clearway Energy in the 4th quarter valued at about $28,000. New Age Alpha Advisors LLC acquired a new stake in shares of Clearway Energy in the fourth quarter valued at approximately $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Clearway Energy in the fourth quarter valued at approximately $51,000. NBT Bank N A NY bought a new stake in shares of Clearway Energy in the first quarter valued at approximately $71,000. Finally, Quarry LP grew its position in Clearway Energy by 48.6% during the fourth quarter. Quarry LP now owns 5,454 shares of the company’s stock worth $142,000 after buying an additional 1,783 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CWEN. Wall Street Zen cut Clearway Energy from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research note on Tuesday, March 25th. They issued a “buy” rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.50.

Clearway Energy Stock Up 1.5%

NYSE CWEN opened at $32.12 on Friday. The business has a fifty day moving average price of $30.11 and a two-hundred day moving average price of $28.25. The stock has a market capitalization of $6.49 billion, a PE ratio of 40.15, a PEG ratio of 0.75 and a beta of 0.87. Clearway Energy, Inc. has a fifty-two week low of $24.02 and a fifty-two week high of $32.66. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.52 and a quick ratio of 1.42.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.28. Clearway Energy had a return on equity of 1.68% and a net margin of 6.69%. The business had revenue of $298.00 million during the quarter, compared to the consensus estimate of $305.74 million. During the same period in the prior year, the company earned ($0.02) EPS. Clearway Energy’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.4384 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.46%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.43. Clearway Energy’s dividend payout ratio is 218.75%.

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.