San Luis Wealth Advisors LLC Invests $769,000 in Clearway Energy, Inc. (NYSE:CWEN)

San Luis Wealth Advisors LLC acquired a new position in shares of Clearway Energy, Inc. (NYSE:CWEN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,558 shares of the company’s stock, valued at approximately $769,000.

Several other large investors have also bought and sold shares of CWEN. Ashton Thomas Securities LLC bought a new position in shares of Clearway Energy in the third quarter worth about $50,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Clearway Energy during the 3rd quarter valued at $71,000. Quarry LP boosted its position in Clearway Energy by 53.4% during the 2nd quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after buying an additional 843 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Clearway Energy during the third quarter worth $106,000. Finally, Recurrent Investment Advisors LLC bought a new stake in shares of Clearway Energy in the third quarter worth $202,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWEN has been the topic of several recent research reports. BNP Paribas started coverage on Clearway Energy in a report on Tuesday, October 1st. They set an “outperform” rating and a $36.00 target price on the stock. CIBC upped their target price on Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a report on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on shares of Clearway Energy in a report on Friday, September 20th. They set a “buy” rating and a $35.00 price target for the company. Finally, StockNews.com lowered shares of Clearway Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Clearway Energy has a consensus rating of “Moderate Buy” and an average price target of $33.13.

Clearway Energy Stock Up 1.0 %

Clearway Energy stock opened at $25.07 on Wednesday. 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 firm’s fifty day moving average price is $27.21 and its two-hundred day moving average price is $27.50. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88. Clearway Energy, Inc. has a 1-year low of $20.63 and a 1-year high of $30.92.

Clearway Energy (NYSE:CWEN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The company had revenue of $486.00 million for the quarter, compared to the consensus estimate of $417.55 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, equities research analysts predict that Clearway Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.424 dividend. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.70 annualized dividend and a yield of 6.77%. Clearway Energy’s dividend payout ratio (DPR) is 162.50%.

Insiders Place Their Bets

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the transaction, the director now owns 8,153 shares of the company’s stock, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% of the company’s stock.

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.