Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,826 shares of the company’s stock after selling 3,576 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Clearway Energy were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Clearway Energy during the 3rd quarter worth approximately $50,000. Wilmington Savings Fund Society FSB acquired a new stake in Clearway Energy during the 3rd quarter worth approximately $71,000. Icon Wealth Advisors LLC acquired a new stake in Clearway Energy during the 3rd quarter worth approximately $106,000. Quarry LP lifted its position in Clearway Energy by 51.6% during the 3rd quarter. Quarry LP now owns 3,671 shares of the company’s stock worth $113,000 after acquiring an additional 1,249 shares during the period. Finally, Recurrent Investment Advisors LLC acquired a new stake in Clearway Energy during the 3rd quarter worth approximately $202,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Clearway Energy

In related news, Director Brian R. Ford sold 2,000 shares of the firm’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 completion of the transaction, the director now directly owns 8,153 shares of the company’s stock, valued at $218,011.22. This trade represents a 19.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised 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 given a buy rating to the company. Based on data from MarketBeat, Clearway Energy presently has an average rating of “Moderate Buy” and an average target price of $32.57.

Clearway Energy Stock Performance

Shares of CWEN stock opened at $27.06 on Friday. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.71 and a beta of 0.88. The stock has a 50 day simple moving average of $26.05 and a 200-day simple moving average of $27.57. Clearway Energy, Inc. has a 12-month low of $20.63 and a 12-month high of $30.92. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20.

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 paid a dividend of $0.4312 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.37%. 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 165.38%.

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.