RWC Asset Management LLP Has $32.48 Million Holdings in Clearway Energy, Inc. (NYSE:CWEN)

RWC Asset Management LLP boosted its position in Clearway Energy, Inc. (NYSE:CWEN) by 105.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,249,232 shares of the company’s stock after buying an additional 642,322 shares during the quarter. Clearway Energy makes up about 1.6% of RWC Asset Management LLP’s holdings, making the stock its 16th biggest position. RWC Asset Management LLP owned about 0.62% of Clearway Energy worth $32,480,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in Clearway Energy by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,074 shares of the company’s stock valued at $236,000 after purchasing an additional 414 shares during the period. Congress Asset Management Co. grew its position in Clearway Energy by 0.4% during the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock worth $5,806,000 after buying an additional 699 shares in the last quarter. Ballentine Partners LLC increased its holdings in Clearway Energy by 5.2% in the 4th quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock valued at $414,000 after buying an additional 787 shares during the period. Quad Cities Investment Group LLC lifted its stake in 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 purchasing an additional 886 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in Clearway Energy by 5.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 22,402 shares of the company’s stock valued at $687,000 after buying an additional 1,116 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

Clearway Energy Stock Performance

Shares of Clearway Energy stock opened at $27.42 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The firm has a 50 day simple moving average of $26.05 and a 200 day simple moving average of $27.55. Clearway Energy, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $30.92. The firm has a market cap of $5.54 billion, a P/E ratio of 26.37, a P/E/G ratio of 1.75 and a beta of 0.88.

Clearway Energy Increases Dividend

The company also recently announced 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 represents a $1.72 dividend on an annualized basis and a dividend yield of 6.29%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s payout ratio is presently 163.46%.

Insider Buying and Selling at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total transaction of $53,480.00. Following the completion of the sale, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

About Clearway Energy

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.