Castellan Group decreased its position in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,409 shares of the company's stock after selling 9,710 shares during the quarter. Castellan Group owned 0.06% of Clearway Energy worth $3,053,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CWEN. Congress Asset Management Co. boosted its holdings in shares of Clearway Energy by 0.4% in the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company's stock valued at $5,806,000 after acquiring an additional 699 shares in the last quarter. Ballentine Partners LLC increased 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 valued at $414,000 after buying an additional 787 shares in the last quarter. Quad Cities Investment Group LLC increased its stake 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 valued at $328,000 after purchasing an additional 886 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in Clearway Energy by 17.2% during the third quarter. Spirit of America Management Corp NY now owns 6,800 shares of the company's stock worth $209,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Clearway Energy by 5.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 22,402 shares of the company's stock worth $687,000 after buying an additional 1,116 shares during the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.
Clearway Energy Stock Down 0.5 %
CWEN traded down $0.14 during midday trading on Monday, hitting $26.15. The company had a trading volume of 874,507 shares, compared to its average volume of 722,555. Clearway Energy, Inc. has a 52 week low of $20.63 and a 52 week high of $30.92. The stock's 50 day moving average price is $26.16 and its 200 day moving average price is $27.60. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.70 and a beta of 0.88.
Insider Activity
In other news, Director Brian R. Ford sold 2,000 shares of Clearway Energy 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 sale, the director now owns 8,153 shares in the company, valued at $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.52% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the company. CIBC upped their target price on 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 research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.57.
View Our Latest Research Report on Clearway Energy
Clearway Energy Profile
(
Free Report)
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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