Short Interest in Clearway Energy, Inc. (NYSE:CWEN) Grows By 8.0%

Clearway Energy, Inc. (NYSE:CWEN - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,300,000 shares, a growth of 8.0% from the January 15th total of 2,130,000 shares. Based on an average trading volume of 797,100 shares, the short-interest ratio is presently 2.9 days. Approximately 2.8% of the shares of the stock are sold short.

Clearway Energy Trading Up 1.4 %

CWEN stock traded up $0.37 during mid-day trading on Friday, reaching $27.42. The company's stock had a trading volume of 1,228,193 shares, compared to its average volume of 757,119. Clearway Energy has a 12 month low of $20.63 and a 12 month high of $30.92. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. The business's 50 day moving average price is $26.05 and its 200 day moving average price is $27.57. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.88.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.4312 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.72 annualized dividend and a dividend yield of 6.29%. This is a positive change from Clearway Energy's previous quarterly dividend of $0.42. Clearway Energy's payout ratio is currently 163.46%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Clearway Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.57.

Insider Buying and Selling

In other Clearway Energy 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 transaction of $53,480.00. Following the transaction, the director now directly owns 8,153 shares of the company's stock, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CWEN. Mascoma Wealth Management LLC bought a new stake in Clearway Energy in the fourth quarter valued at $28,000. New Age Alpha Advisors LLC bought a new stake in Clearway Energy in the 4th quarter valued at about $31,000. Ashton Thomas Securities LLC acquired a new position in Clearway Energy during the 3rd quarter worth approximately $50,000. SBI Securities Co. Ltd. bought a new position in Clearway Energy in the fourth quarter worth approximately $51,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Clearway Energy in the third quarter worth approximately $71,000. 84.53% of the stock is owned by institutional investors.

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.