Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA lowered its stake in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 416,266 shares of the company's stock after selling 59,979 shares during the period. Clearway Energy makes up approximately 1.5% of Beach Investment Counsel Inc. PA's portfolio, making the stock its 20th biggest holding. Beach Investment Counsel Inc. PA owned approximately 0.21% of Clearway Energy worth $10,823,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in shares of Clearway Energy in the 3rd quarter worth $3,532,000. Hancock Whitney Corp acquired a new position in shares of Clearway Energy in the 3rd quarter valued at about $1,486,000. National Bank of Canada FI lifted its stake in shares of Clearway Energy by 1,778.8% in the 3rd quarter. National Bank of Canada FI now owns 30,907 shares of the company's stock valued at $948,000 after purchasing an additional 29,262 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Clearway Energy during the 3rd quarter worth about $1,026,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in Clearway Energy by 4.6% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 498,000 shares of the company's stock worth $12,948,000 after purchasing an additional 22,000 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company's stock.

Analysts Set New Price Targets

CWEN has been the subject of several research reports. StockNews.com upgraded shares of Clearway Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, January 29th. CIBC lifted their target price on shares of Clearway Energy from $33.00 to $34.00 and gave the company an "outperformer" rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $32.57.

Clearway Energy Stock Down 0.5 %

CWEN traded down $0.13 during trading hours on Friday, reaching $26.13. 510,157 shares of the stock traded hands, compared to its average volume of 722,412. 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 debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.67 and a beta of 0.88. The firm's fifty day simple moving average is $26.46 and its two-hundred day simple moving average is $27.58.

Insider Buying and Selling at Clearway Energy

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 stock was sold at an average price of $26.74, for a total value of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is owned by insiders.

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.