Bryn Mawr Capital Management LLC Takes Position in Clearway Energy, Inc. (NYSE:CWEN)

Bryn Mawr Capital Management LLC bought a new position in Clearway Energy, Inc. (NYSE:CWEN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,900 shares of the company’s stock, valued at approximately $361,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in Clearway Energy by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,074 shares of the company’s stock valued at $236,000 after purchasing an additional 414 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Clearway Energy by 11.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,564 shares of the company’s stock worth $1,965,000 after buying an additional 7,703 shares during the last quarter. Congress Asset Management Co. increased its stake in shares of Clearway Energy by 6.7% during the fourth quarter. Congress Asset Management Co. now owns 201,876 shares of the company’s stock valued at $5,249,000 after buying an additional 12,640 shares during the period. ABC Arbitrage SA bought a new position in shares of Clearway Energy during the fourth quarter valued at approximately $325,000. Finally, Entropy Technologies LP lifted its stake in Clearway Energy by 32.9% in the fourth quarter. Entropy Technologies LP now owns 44,445 shares of the company’s stock worth $1,156,000 after acquiring an additional 11,012 shares during the period. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Price Performance

Shares of CWEN stock opened at $27.42 on Friday. The business’s fifty day moving average is $26.05 and its 200 day moving average is $27.57. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.73 and a beta of 0.88. Clearway Energy, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92.

Clearway Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.4312 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.29%. Clearway Energy’s dividend payout ratio is currently 163.46%.

Insider Buying and Selling

In related news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 8,153 shares in the company, valued at $218,011.22. This represents a 19.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

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.