Hilton Capital Management LLC Has $1.36 Million Stock Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Hilton Capital Management LLC raised its stake in Clearway Energy, Inc. (NYSE:CWEN) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,448 shares of the company’s stock after buying an additional 2,498 shares during the quarter. Hilton Capital Management LLC’s holdings in Clearway Energy were worth $1,364,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CWEN. Mascoma Wealth Management LLC acquired a new position in Clearway Energy in the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new stake in Clearway Energy in the fourth quarter worth approximately $51,000. Wilmington Savings Fund Society FSB bought a new stake in Clearway Energy in the third quarter worth approximately $71,000. Icon Wealth Advisors LLC bought a new stake in Clearway Energy in the third quarter worth approximately $106,000. Finally, Quarry LP grew its position in Clearway Energy by 51.6% in the third quarter. Quarry LP now owns 3,671 shares of the company’s stock worth $113,000 after acquiring an additional 1,249 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Analyst Ratings Changes

CWEN has been the subject of several recent research reports. Roth Mkm reissued a “buy” rating and issued a $34.00 target price (up from $33.00) on shares of Clearway Energy in a research report on Tuesday, February 25th. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.17.

Clearway Energy Price Performance

NYSE CWEN opened at $29.14 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. The company has a fifty day simple moving average of $26.49 and a 200 day simple moving average of $27.48. The company has a market cap of $5.89 billion, a P/E ratio of 28.02, a P/E/G ratio of 1.75 and a beta of 0.92. Clearway Energy, Inc. has a 1 year low of $20.79 and a 1 year high of $30.92.

Clearway Energy (NYSE:CWEN) last posted 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). The firm had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. On average, sell-side analysts predict that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid 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 yield of 5.92%. The ex-dividend date of this dividend is Monday, March 3rd. Clearway Energy’s dividend payout ratio is presently 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.