abrdn plc Has $15.76 Million Stake in Clearway Energy, Inc. (NYSE:CWEN)

abrdn plc grew its stake in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 602,700 shares of the company's stock after purchasing an additional 141,500 shares during the quarter. abrdn plc owned about 0.30% of Clearway Energy worth $15,761,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Clearway Energy in the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Clearway Energy in the 3rd quarter valued at $71,000. Icon Wealth Advisors LLC bought a new stake in shares of Clearway Energy in the 3rd quarter valued at $106,000. Quarry LP increased its position in shares of Clearway Energy by 51.6% in the 3rd quarter. Quarry LP now owns 3,671 shares of the company's stock valued at $113,000 after buying an additional 1,249 shares in the last quarter. Finally, Recurrent Investment Advisors LLC bought a new stake in shares of Clearway Energy in the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 84.53% of the company's stock.

Insider Activity at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 8,153 shares in the company, valued at $218,011.22. The trade was a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CWEN. CIBC increased their target price on Clearway Energy from $33.00 to $34.00 and gave the stock an "outperformer" rating in a report on Tuesday, October 22nd. StockNews.com upgraded Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Clearway Energy presently has an average rating of "Moderate Buy" and a consensus price target of $32.57.

Clearway Energy Stock Performance

NYSE:CWEN traded up $0.05 during mid-day trading on Monday, hitting $26.17. The stock had a trading volume of 336,896 shares, compared to its average volume of 716,051. Clearway Energy, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.70 and a beta of 0.88. The company's 50 day simple moving average is $26.40 and its 200 day simple moving average is $27.60. 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.