Fox Run Management L.L.C. Invests $248,000 in Clearway Energy, Inc. (NYSE:CWEN)

Fox Run Management L.L.C. bought a new stake in Clearway Energy, Inc. (NYSE:CWEN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,547 shares of the company’s stock, valued at approximately $248,000.

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

Clearway Energy Stock Down 0.7 %

NYSE:CWEN opened at $30.05 on Friday. The stock has a fifty day simple moving average of $27.32 and a 200-day simple moving average of $27.57. 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 market cap of $6.07 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92. Clearway Energy, Inc. has a twelve month low of $21.72 and a twelve month high of $30.92.

Clearway Energy (NYSE:CWEN) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). The company had revenue of $256.00 million for the quarter, compared to the consensus estimate of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. Analysts anticipate that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.4312 dividend. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.74%. Clearway Energy’s payout ratio is presently 229.33%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a report on Tuesday. They set a “buy” rating and a $38.00 price target on the stock. Roth Mkm reissued a “buy” rating and issued a $34.00 target price (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Finally, StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Clearway Energy currently has an average rating of “Moderate Buy” and a consensus target price of $34.71.

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.