Pacer Advisors Inc. Lowers Position in Clearway Energy, Inc. (NYSE:CWEN)

Pacer Advisors Inc. lessened its holdings in Clearway Energy, Inc. (NYSE:CWEN - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,888 shares of the company's stock after selling 22,904 shares during the quarter. Pacer Advisors Inc. owned 0.06% of Clearway Energy worth $3,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CWEN. Fulton Bank N.A. boosted its position in Clearway Energy by 3.8% in the third quarter. Fulton Bank N.A. now owns 12,206 shares of the company's stock valued at $374,000 after buying an additional 449 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of Clearway Energy by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 189,236 shares of the company's stock valued at $5,806,000 after acquiring an additional 699 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Clearway Energy by 5.2% during the 4th quarter. Ballentine Partners LLC now owns 15,916 shares of the company's stock valued at $414,000 after acquiring an additional 787 shares in the last quarter. Quarry LP grew its position in Clearway Energy by 53.4% during the 2nd quarter. Quarry LP now owns 2,422 shares of the company's stock worth $60,000 after acquiring an additional 843 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its holdings in Clearway Energy by 7.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company's stock worth $328,000 after purchasing an additional 886 shares in the last quarter. Institutional investors own 84.53% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total transaction of $53,480.00. Following the completion of the sale, the director now owns 8,153 shares of the company's stock, valued at $218,011.22. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by corporate insiders.

Clearway Energy Trading Up 0.6 %

NYSE:CWEN traded up $0.15 on Tuesday, reaching $25.98. 860,500 shares of the stock traded hands, compared to its average volume of 749,391. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a 1-year low of $20.63 and a 1-year high of $30.92. The company's 50 day moving average is $26.60 and its 200-day moving average is $27.60. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 1.67 and a beta of 0.88.

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.