Entropy Technologies LP Has $1.16 Million Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Entropy Technologies LP lifted its holdings in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,445 shares of the company's stock after acquiring an additional 11,012 shares during the period. Entropy Technologies LP's holdings in Clearway Energy were worth $1,156,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CWEN. Yaupon Capital Management LP lifted its position in Clearway Energy by 209.3% during the third quarter. Yaupon Capital Management LP now owns 325,643 shares of the company's stock worth $9,991,000 after purchasing an additional 220,360 shares during the period. abrdn plc lifted its position in Clearway Energy by 30.7% during the fourth quarter. abrdn plc now owns 602,700 shares of the company's stock worth $15,761,000 after purchasing an additional 141,500 shares during the period. Sanctuary Advisors LLC bought a new stake in Clearway Energy during the third quarter worth about $3,532,000. Hancock Whitney Corp bought a new stake in Clearway Energy during the third quarter worth about $1,486,000. Finally, San Luis Wealth Advisors LLC bought a new stake in Clearway Energy during the fourth quarter worth about $769,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CWEN has been the subject of several recent analyst reports. StockNews.com raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. CIBC upped their price objective on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an "outperformer" rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Clearway Energy has an average rating of "Moderate Buy" and a consensus price target of $32.57.

Clearway Energy Price Performance

Shares of CWEN stock traded down $0.14 on Friday, reaching $26.15. The company had a trading volume of 874,507 shares, compared to its average volume of 723,017. The stock has a market capitalization of $5.29 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a one year low of $20.63 and a one year high of $30.92. The business's 50-day moving average is $26.16 and its 200 day moving average is $27.58.

Insider Transactions at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of the company's 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 of the company's stock, valued at $218,011.22. This represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company's stock.

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.