Clearway Energy, Inc. (NYSE:CWEN) Stock Holdings Decreased by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA decreased its position in Clearway Energy, Inc. (NYSE:CWEN) by 12.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 416,266 shares of the company’s stock after selling 59,979 shares during the period. Clearway Energy comprises about 1.5% of Beach Investment Counsel Inc. PA’s investment portfolio, making the stock its 20th biggest holding. Beach Investment Counsel Inc. PA owned 0.21% of Clearway Energy worth $10,823,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWEN. abrdn plc grew its holdings in Clearway Energy by 30.7% in the 4th quarter. abrdn plc now owns 602,700 shares of the company’s stock valued at $15,761,000 after buying an additional 141,500 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in shares of Clearway Energy by 4.6% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 498,000 shares of the company’s stock worth $12,948,000 after acquiring an additional 22,000 shares during the last quarter. Yaupon Capital Management LP increased 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 acquiring an additional 220,360 shares during the period. Congress Asset Management Co. raised its stake in Clearway Energy by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock valued at $5,806,000 after purchasing an additional 699 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Clearway Energy in the 3rd quarter valued at $3,532,000. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

Clearway Energy Stock Performance

Shares of NYSE:CWEN opened at $25.60 on Tuesday. The business has a fifty day moving average of $26.67 and a 200-day moving average of $27.59. The firm has a market cap of $5.18 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.67 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, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92.

Insiders Place Their Bets

In other news, Director Brian R. Ford sold 2,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $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 hyperlink. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.