Sanctuary Advisors LLC Has $3.07 Million Position in Clearway Energy, Inc. (NYSE:CWEN)

Sanctuary Advisors LLC cut its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 118,305 shares of the company’s stock after selling 6,283 shares during the period. Sanctuary Advisors LLC’s holdings in Clearway Energy were worth $3,072,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CWEN. Creative Planning increased its position in Clearway Energy by 23.5% in the 3rd quarter. Creative Planning now owns 16,450 shares of the company’s stock worth $505,000 after purchasing an additional 3,134 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of 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 buying an additional 2,200 shares in the last quarter. abrdn plc grew its stake in shares of Clearway Energy by 8.7% in the 3rd quarter. abrdn plc now owns 461,200 shares of the company’s stock valued at $14,150,000 after buying an additional 37,100 shares in the last quarter. Congress Asset Management Co. increased its holdings in Clearway Energy by 0.4% in the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock worth $5,806,000 after buying an additional 699 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in Clearway Energy during the third quarter valued at approximately $230,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Insider Activity

In related news, Director Brian R. Ford sold 2,000 shares of the company’s stock in a transaction 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 directly owns 8,153 shares in the company, valued at approximately $218,011.22. This represents a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 assigned a buy rating to the company. According to MarketBeat, Clearway Energy has a consensus rating of “Moderate Buy” and a consensus price target of $32.57.

Clearway Energy Stock Up 1.4 %

Shares of Clearway Energy stock opened at $27.42 on Friday. Clearway Energy, Inc. has a 12-month low of $20.63 and a 12-month high of $30.92. 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 50 day moving average price of $26.05 and a two-hundred day moving average price of $27.56. The stock has a market capitalization of $5.54 billion, a P/E ratio of 26.37, a PEG ratio of 1.75 and a beta of 0.88.

Clearway Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.4312 dividend. This represents a $1.72 annualized dividend and a yield of 6.29%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 3rd. Clearway Energy’s dividend payout ratio (DPR) is currently 163.46%.

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.