SBI Securities Co. Ltd. Buys Shares of 1,978 Clearway Energy, Inc. (NYSE:CWEN)

SBI Securities Co. Ltd. purchased a new position in Clearway Energy, Inc. (NYSE:CWEN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,978 shares of the company’s stock, valued at approximately $51,000.

Several other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Clearway Energy in the third quarter worth about $50,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Clearway Energy in the third quarter worth approximately $71,000. Icon Wealth Advisors LLC purchased a new position in shares of Clearway Energy in the third quarter worth approximately $106,000. Quarry LP grew its position in Clearway Energy by 51.6% during the third quarter. Quarry LP now owns 3,671 shares of the company’s stock valued at $113,000 after buying an additional 1,249 shares during the period. Finally, Recurrent Investment Advisors LLC purchased a new stake in Clearway Energy during the third quarter valued at approximately $202,000. Institutional investors own 84.53% of the company’s stock.

Insider Buying and Selling

In other news, Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares of the company’s stock, valued at $218,011.22. The trade was a 19.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CWEN. StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Roth Mkm reaffirmed a “buy” rating and issued a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.17.

Clearway Energy Trading Up 3.7 %

NYSE CWEN opened at $28.64 on Tuesday. The company’s 50-day simple moving average is $26.26 and its two-hundred day simple moving average is $27.45. Clearway Energy, Inc. has a one year low of $20.63 and a one year high of $30.92. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59.

Clearway Energy (NYSE:CWEN) last announced its earnings results on Monday, February 24th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). The firm had revenue of $256.00 million during 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%. Equities analysts forecast that Clearway Energy, Inc. will post 0.83 EPS for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.4312 dividend. This represents a $1.72 annualized dividend and a dividend yield of 6.02%. 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%.

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.