Clearway Energy, Inc. (NYSE:CWEN) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,564 shares of the company’s stock after acquiring an additional 7,703 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Clearway Energy were worth $1,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Clearway Energy during the third quarter worth approximately $50,000. Wilmington Savings Fund Society FSB acquired a new position in Clearway Energy during the third quarter worth approximately $71,000. Icon Wealth Advisors LLC acquired a new position in Clearway Energy during the third quarter worth approximately $106,000. Quarry LP increased its position in Clearway Energy by 51.6% during the third quarter. Quarry LP now owns 3,671 shares of the company’s stock worth $113,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Recurrent Investment Advisors LLC acquired a new position in Clearway Energy during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Analyst Upgrades and Downgrades

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, Clearway Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Clearway Energy Price Performance

CWEN opened at $27.42 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a 52-week low of $20.63 and a 52-week high of $30.92. The company has a 50 day moving average of $26.05 and a two-hundred day moving average of $27.55. The company has a market cap of $5.54 billion, a P/E ratio of 26.37, a P/E/G ratio of 1.75 and a beta of 0.88.

Clearway Energy Increases Dividend

The company 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 $0.4312 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 6.29%. Clearway Energy’s dividend payout ratio is 163.46%.

Insider Activity

In other news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were 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 in the company, valued at approximately $218,011.22. This represents a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.