13,889 Shares in Clearway Energy, Inc. (NYSE:CWEN) Purchased by Boxwood Ventures Inc.

Boxwood Ventures Inc. acquired a new stake in Clearway Energy, Inc. (NYSE:CWEN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,889 shares of the company’s stock, valued at approximately $361,000. Clearway Energy comprises about 0.5% of Boxwood Ventures Inc.’s portfolio, making the stock its 25th largest position.

A number of other institutional investors have also bought and sold shares of CWEN. CIBC Asset Management Inc increased its position in Clearway Energy by 4.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,074 shares of the company’s stock worth $236,000 after purchasing an additional 414 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Clearway Energy by 5.2% during 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 holdings in Clearway Energy by 7.6% in the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock valued at $328,000 after acquiring an additional 886 shares during the last quarter. Mascoma Wealth Management LLC purchased a new position in Clearway Energy in the fourth quarter worth approximately $28,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Clearway Energy during the fourth quarter worth $31,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CWEN shares. Roth Mkm reiterated a “buy” rating and set a $34.00 price target (up from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Clearway Energy in a research report on Tuesday, March 25th. They set a “buy” rating and a $38.00 price target for the company. Finally, StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.71.

Clearway Energy Stock Up 0.3 %

Clearway Energy stock opened at $30.16 on Monday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 29.00, a P/E/G ratio of 1.75 and a beta of 0.92. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a twelve month low of $21.72 and a twelve month high of $30.92. The stock’s fifty day simple moving average is $27.40 and its 200-day simple moving average is $27.59.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $299.73 million. As a group, equities analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.4312 per share. 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 5.72%. The ex-dividend date of this dividend was Monday, March 3rd. Clearway Energy’s payout ratio is 229.33%.

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.