ABC Arbitrage SA purchased a new stake in shares of Clearway Energy, Inc. (NYSE:CWEN – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,519 shares of the company’s stock, valued at approximately $325,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Clearway Energy in the third quarter valued at 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 purchased a new position in Clearway Energy in the 3rd quarter worth approximately $106,000. Quarry LP grew its stake in Clearway Energy by 51.6% in the 3rd 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 in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.
Insider Activity at Clearway Energy
In related 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 transaction of $53,480.00. Following the completion of the sale, the director now directly owns 8,153 shares in the company, valued at $218,011.22. This represents a 19.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by company insiders.
Clearway Energy Price Performance
Wall Street Analyst Weigh In
A number of equities analysts have commented on CWEN shares. CIBC boosted their price target on shares of Clearway Energy from $33.00 to $34.00 and gave the stock 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 research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Clearway Energy currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.
View Our Latest Stock Report on CWEN
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.
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