Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Insight Advisors LLC PA

Insight Advisors LLC PA decreased its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,420 shares of the company’s stock after selling 1,168 shares during the period. Insight Advisors LLC PA’s holdings in Clearway Energy were worth $429,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, Director Brian R. Ford sold 2,000 shares of the company’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 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 the SEC website. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

CWEN has been the topic of a number of recent analyst reports. CIBC upped their target price 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. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.57.

Clearway Energy Stock Up 0.7 %

Shares of CWEN stock opened at $26.26 on Friday. The business’s fifty day moving average is $26.46 and its 200-day moving average is $27.58. Clearway Energy, Inc. has a 1 year low of $20.63 and a 1 year high of $30.92. The stock has a market cap of $5.31 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59.

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.