Wilmington Savings Fund Society FSB Acquires 14,600 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Wilmington Savings Fund Society FSB grew its holdings in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 630.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,917 shares of the company's stock after acquiring an additional 14,600 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Clearway Energy were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Creative Planning lifted its position in Clearway Energy by 25.3% in the second quarter. Creative Planning now owns 13,316 shares of the company's stock worth $329,000 after purchasing an additional 2,691 shares during the period. nVerses Capital LLC lifted its position in Clearway Energy by 34.0% in the third quarter. nVerses Capital LLC now owns 6,700 shares of the company's stock worth $206,000 after purchasing an additional 1,700 shares during the period. Quad Cities Investment Group LLC bought a new position in Clearway Energy in the third quarter worth $359,000. Spirit of America Management Corp NY lifted its position in 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 worth $209,000 after purchasing an additional 1,000 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Clearway Energy by 11.8% in the third quarter. Nisa Investment Advisors LLC now owns 20,890 shares of the company's stock worth $641,000 after purchasing an additional 2,200 shares during the period. 84.53% of the stock is owned by institutional investors.

Clearway Energy Price Performance

Shares of NYSE:CWEN traded down $0.14 during midday trading on Friday, reaching $26.15. The company's stock had a trading volume of 874,507 shares, compared to its average volume of 722,555. Clearway Energy, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $30.92. The company has a market capitalization of $5.29 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.70 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The business's fifty day simple moving average is $26.16 and its 200-day simple moving average is $27.59.

Analyst Upgrades and Downgrades

CWEN has been the subject of several recent analyst reports. CIBC increased their price objective on 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 upgraded 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.57.

Insider Activity

In related news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total value 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 trade 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 the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Clearway Energy Company 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.