Aquatic Capital Management LLC Acquires New Stake in Clearway Energy, Inc. (NYSE:CWEN)

Aquatic Capital Management LLC acquired a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 73,753 shares of the company’s stock, valued at approximately $1,918,000.

Other large investors have also made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new position in Clearway Energy during the fourth quarter worth about $28,000. New Age Alpha Advisors LLC purchased a new position in Clearway Energy during the fourth quarter worth about $31,000. SBI Securities Co. Ltd. purchased a new position in Clearway Energy during the fourth quarter worth about $51,000. Wilmington Savings Fund Society FSB purchased a new position in Clearway Energy during the third quarter worth about $71,000. Finally, Aster Capital Management DIFC Ltd lifted its position in Clearway Energy by 233.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 6,885 shares of the company’s stock worth $179,000 after buying an additional 4,823 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.

Clearway Energy Trading Up 1.7 %

NYSE CWEN opened at $29.45 on Tuesday. Clearway Energy, Inc. has a 12 month low of $22.75 and a 12 month high of $31.09. 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 company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85. The company’s fifty day moving average price is $28.63 and its two-hundred day moving average price is $27.49.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.03 EPS 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%. As a group, research 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 was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.4312 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.86%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, March 3rd. Clearway Energy’s dividend payout ratio is 229.33%.

Wall Street Analyst Weigh In

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