ING Groep NV Acquires 69,950 Shares of Clearway Energy, Inc. (NYSE:CWEN)

ING Groep NV increased its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 938.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,400 shares of the company’s stock after purchasing an additional 69,950 shares during the quarter. ING Groep NV’s holdings in Clearway Energy were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. CIBC Asset Management Inc lifted its stake 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 acquiring an additional 414 shares during the period. Congress Asset Management Co. lifted its position in Clearway Energy by 0.4% during the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock valued at $5,806,000 after purchasing an additional 699 shares during the period. Ballentine Partners LLC boosted its holdings in Clearway Energy by 5.2% in the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock worth $414,000 after purchasing an additional 787 shares during the last quarter. Quad Cities Investment Group LLC grew its position in Clearway Energy by 7.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock worth $328,000 after purchasing an additional 886 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in Clearway Energy by 5.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 22,402 shares of the company’s stock valued at $687,000 after buying an additional 1,116 shares during the last quarter. 84.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Clearway Energy Trading Up 1.4 %

Shares of CWEN stock opened at $27.42 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.75 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. The firm has a fifty day moving average price of $26.05 and a 200-day moving average price of $27.55.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.4312 per share. This represents a $1.72 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. Clearway Energy’s payout ratio is currently 163.46%.

Insiders Place Their Bets

In other news, Director Brian R. Ford sold 2,000 shares of the 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 sale, the director now directly owns 8,153 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

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.