Nisa Investment Advisors LLC Reduces Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Nisa Investment Advisors LLC decreased its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 53.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,705 shares of the company's stock after selling 11,185 shares during the period. Nisa Investment Advisors LLC's holdings in Clearway Energy were worth $252,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new position in Clearway Energy during the third quarter worth about $50,000. Quarry LP raised its holdings in Clearway Energy by 53.4% during the second quarter. Quarry LP now owns 2,422 shares of the company's stock worth $60,000 after purchasing an additional 843 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Clearway Energy during the third quarter worth about $71,000. Icon Wealth Advisors LLC purchased a new position in Clearway Energy during the third quarter worth about $106,000. Finally, Recurrent Investment Advisors LLC purchased a new position in Clearway Energy in the third quarter valued at about $202,000. Institutional investors and hedge funds own 84.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CWEN shares. StockNews.com raised shares of Clearway Energy from a "sell" rating to a "hold" rating in a report on Wednesday. CIBC increased 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Clearway Energy has a consensus rating of "Moderate Buy" and an average price target 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 on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total value of $53,480.00. Following the transaction, the director now owns 8,153 shares in the company, valued at $218,011.22. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by company insiders.

Clearway Energy Trading Up 1.8 %

NYSE CWEN traded up $0.47 during mid-day trading on Thursday, reaching $25.99. 649,549 shares of the stock were exchanged, compared to its average volume of 751,863. Clearway Energy, Inc. has a 1-year low of $20.63 and a 1-year high of $30.92. The business's fifty day simple moving average is $26.82 and its 200 day simple moving average is $27.56. The stock has a market capitalization of $5.25 billion, a PE ratio of 24.99, a PEG ratio of 1.65 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.49 and a current ratio of 1.59.

Clearway Energy (NYSE:CWEN - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $486.00 million for the quarter, compared to analyst estimates of $417.55 million. During the same quarter last year, the business posted $0.03 EPS. The firm's revenue was up 31.0% compared to the same quarter last year. On average, research analysts anticipate that Clearway Energy, Inc. will post 0.82 earnings per share for the current fiscal year.

About Clearway Energy

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.