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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new stake in Clearway Energy during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Clearway Energy during the fourth quarter worth $51,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Clearway Energy during the 3rd quarter valued at $71,000. Icon Wealth Advisors LLC acquired a new stake in shares of Clearway Energy in the 3rd quarter worth $106,000. Finally, Quarry LP grew its stake in Clearway Energy by 51.6% during the 3rd quarter. Quarry LP now owns 3,671 shares of the company’s stock worth $113,000 after buying an additional 1,249 shares during the last quarter. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on CWEN shares. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research note on Tuesday. They issued a “buy” rating and a $38.00 price target for the company. Roth Mkm reiterated a “buy” rating and issued a $34.00 price target (up previously from $33.00) on shares of Clearway Energy in a report on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. One 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.71.

Clearway Energy Price Performance

Shares of NYSE CWEN opened at $30.05 on Friday. 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’s 50 day simple moving average is $27.32 and its 200-day simple moving average is $27.57. Clearway Energy, Inc. has a 12 month low of $21.72 and a 12 month high of $30.92. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.75 and a beta of 0.92.

Clearway Energy (NYSE:CWEN) last released 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). The company had revenue of $256.00 million during the quarter, compared to analyst estimates of $299.73 million. Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. Analysts expect 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.4312 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.74%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s payout ratio is currently 229.33%.

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.