Bramshill Investments LLC Takes $426,000 Position in Clearway Energy, Inc. (NYSE:CWEN)

Bramshill Investments LLC bought a new position in shares of Clearway Energy, Inc. (NYSE:CWEN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,402 shares of the company’s stock, valued at approximately $426,000.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Clearway Energy during the third quarter worth about $71,000. Fulton Bank N.A. increased its holdings in shares of Clearway Energy by 14.8% during the 4th quarter. Fulton Bank N.A. now owns 14,007 shares of the company’s stock valued at $364,000 after purchasing an additional 1,801 shares in the last quarter. Quad Cities Investment Group LLC lifted its stake in shares of Clearway Energy by 7.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock valued at $328,000 after purchasing an additional 886 shares during the period. Oak Thistle LLC raised its position in shares of Clearway Energy by 46.5% in the fourth quarter. Oak Thistle LLC now owns 45,664 shares of the company’s stock worth $1,187,000 after acquiring an additional 14,502 shares during the period. Finally, San Luis Wealth Advisors LLC acquired a new stake in Clearway Energy in the fourth quarter valued at approximately $769,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Clearway Energy Stock Performance

NYSE:CWEN opened at $28.79 on Monday. Clearway Energy, Inc. has a fifty-two week low of $24.02 and a fifty-two week high of $31.09. The company has a 50 day moving average price of $28.80 and a 200 day moving average price of $27.53. The stock has a market capitalization of $5.82 billion, a P/E ratio of 27.68, a PEG ratio of 1.75 and a beta of 0.89. 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 Wednesday, April 30th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.28. Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company had revenue of $298.00 million during the quarter, compared to analysts’ expectations of $305.74 million. During the same period last year, the business posted ($0.02) EPS. Clearway Energy’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts forecast that Clearway Energy, Inc. will post 0.83 EPS for the current year.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.4384 dividend. This represents a $1.75 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Clearway Energy’s previous quarterly dividend of $0.43. Clearway Energy’s dividend payout ratio (DPR) is presently 218.75%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CWEN. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on Clearway Energy in a research report on Tuesday, March 25th. They set a “buy” rating and a $38.00 price target for the company. Finally, Roth Mkm reaffirmed a “buy” rating and set a $34.00 price objective (up previously from $33.00) on shares of Clearway Energy in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Clearway Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.71.

About Clearway Energy

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.