Clearway Energy, Inc. (NYSE:CWEN) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its position in Clearway Energy, Inc. (NYSE:CWEN) by 630.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,917 shares of the company’s stock after buying an additional 14,600 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Clearway Energy were worth $440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning boosted its position in Clearway Energy by 25.3% during the second quarter. Creative Planning now owns 13,316 shares of the company’s stock worth $329,000 after acquiring an additional 2,691 shares during the last quarter. nVerses Capital LLC grew its position in shares of Clearway Energy by 34.0% in the third quarter. nVerses Capital LLC now owns 6,700 shares of the company’s stock valued at $206,000 after purchasing an additional 1,700 shares during the period. Quad Cities Investment Group LLC purchased a new stake in shares of Clearway Energy in the third quarter valued at $359,000. Spirit of America Management Corp NY grew its position in shares of Clearway Energy by 17.2% in the third quarter. Spirit of America Management Corp NY now owns 6,800 shares of the company’s stock valued at $209,000 after purchasing an additional 1,000 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Clearway Energy by 11.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 20,890 shares of the company’s stock valued at $641,000 after acquiring an additional 2,200 shares during the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

Clearway Energy Trading Down 0.4 %

NYSE:CWEN opened at $26.08 on Wednesday. The business’s 50-day moving average is $26.29 and its two-hundred day moving average is $27.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. Clearway Energy, Inc. has a 12 month low of $20.63 and a 12 month high of $30.92. The firm has a market capitalization of $5.27 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CWEN. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. CIBC boosted their price objective on shares of Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.57.

Insider Buying and Selling at Clearway Energy

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. 0.52% of the stock is currently owned by corporate insiders.

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.