Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Castellan Group

Castellan Group lowered its position in Clearway Energy, Inc. (NYSE:CWEN) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 117,409 shares of the company’s stock after selling 9,710 shares during the quarter. Castellan Group’s holdings in Clearway Energy were worth $3,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning increased its stake in Clearway Energy by 25.3% in the 2nd quarter. Creative Planning now owns 13,316 shares of the company’s stock valued at $329,000 after purchasing an additional 2,691 shares in the last quarter. nVerses Capital LLC increased its stake in Clearway Energy by 34.0% in the 3rd quarter. nVerses Capital LLC now owns 6,700 shares of the company’s stock valued at $206,000 after purchasing an additional 1,700 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in Clearway Energy in the 3rd quarter valued at approximately $359,000. Spirit of America Management Corp NY increased its stake in Clearway Energy by 17.2% in the 3rd quarter. Spirit of America Management Corp NY now owns 6,800 shares of the company’s stock valued at $209,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Clearway Energy by 11.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 20,890 shares of the company’s stock valued at $641,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 84.53% of the company’s stock.

Insider Transactions at Clearway Energy

In other news, Director Brian R. Ford sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $26.74, for a total transaction of $53,480.00. Following the sale, the director now owns 8,153 shares in the company, valued at $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company’s stock.

Clearway Energy Price Performance

CWEN stock opened at $26.12 on Thursday. Clearway Energy, Inc. has a 52-week low of $20.63 and a 52-week high of $30.92. The stock’s fifty day simple moving average is $26.25 and its 200-day simple moving average is $27.59. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88.

Analyst Ratings Changes

Several research firms have weighed in on CWEN. CIBC raised their price target on Clearway Energy from $33.00 to $34.00 and gave the stock 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 research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.