Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lessened its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 48,008 shares of the company’s stock after selling 558 shares during the period. Dana Investment Advisors Inc.’s holdings in Clearway Energy were worth $1,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of Clearway Energy by 3.5% in the third quarter. Van ECK Associates Corp now owns 64,852 shares of the company’s stock valued at $1,990,000 after purchasing an additional 2,213 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Clearway Energy by 5.2% in the third quarter. Asset Management One Co. Ltd. now owns 22,402 shares of the company’s stock valued at $687,000 after purchasing an additional 1,116 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Clearway Energy in the third quarter valued at $50,000. Entropy Technologies LP purchased a new stake in shares of Clearway Energy in the third quarter valued at $1,026,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Clearway Energy by 13.3% in the third quarter. Oppenheimer & Co. Inc. now owns 10,722 shares of the company’s stock valued at $329,000 after purchasing an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Price Performance

Shares of NYSE:CWEN opened at $27.59 on Friday. 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 1 year low of $20.63 and a 1 year high of $30.92. The business has a fifty day simple moving average of $26.26 and a 200 day simple moving average of $27.46. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 1.75 and a beta of 0.91.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $299.73 million. As a group, sell-side 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 given a dividend of $0.4312 per share. This represents a $1.72 annualized dividend and a yield of 6.25%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. Clearway Energy’s dividend payout ratio is presently 229.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Roth Mkm restated a “buy” rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday. Two 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.17.

Insiders Place Their Bets

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the 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 transaction, the director now directly owns 8,153 shares of the company’s stock, valued at $218,011.22. This represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

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.