Clearway Energy (NYSE:CWEN.A) Stock Price Up 1.3% – Here’s Why

Clearway Energy, Inc. (NYSE:CWEN.A)’s stock price rose 1.3% during mid-day trading on Friday . The stock traded as high as $24.80 and last traded at $24.78. Approximately 120,892 shares were traded during trading, The stock had previously closed at $24.45.

Clearway Energy Trading Up 1.0 %

The company’s 50-day simple moving average is $25.81 and its 200 day simple moving average is $25.59.

Clearway Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.424 dividend. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 6.77%. The ex-dividend date was Monday, December 2nd.

Insider Transactions at Clearway Energy

In other Clearway Energy 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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.