Asset Management One Co. Ltd. Reduces Stake in Clearway Energy, Inc. (NYSE:CWEN)

Asset Management One Co. Ltd. reduced its position in Clearway Energy, Inc. (NYSE:CWEN) by 16.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,826 shares of the company’s stock after selling 3,576 shares during the period. Asset Management One Co. Ltd.’s holdings in Clearway Energy were worth $492,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CWEN. Ashton Thomas Securities LLC purchased a new position in Clearway Energy during the third quarter worth $50,000. Wilmington Savings Fund Society FSB purchased a new position in Clearway Energy during the third quarter worth $71,000. Icon Wealth Advisors LLC purchased a new position in Clearway Energy during the third quarter worth $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 buying an additional 1,249 shares in the last quarter. Finally, Recurrent Investment Advisors LLC purchased a new position in Clearway Energy during the third quarter worth $202,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the sale, the director now owns 8,153 shares in the company, valued at $218,011.22. This trade represents 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 available through this link. Insiders own 0.52% of the company’s stock.

Clearway Energy Price Performance

CWEN stock opened at $27.06 on Friday. Clearway Energy, Inc. has a 52-week low of $20.63 and a 52-week high of $30.92. The stock’s fifty day simple moving average is $26.05 and its 200-day simple 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 capitalization 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.

Clearway Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.4312 per share. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.72 annualized dividend and a dividend yield of 6.37%. Clearway Energy’s dividend payout ratio (DPR) is 165.38%.

Analyst Upgrades and Downgrades

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

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.