Clearway Energy (NYSE:CWEN.A) Trading 1.3% Higher – Should You Buy?

Clearway Energy, Inc. (NYSE:CWEN.A) shares shot up 1.3% during trading on Friday . The company traded as high as $24.80 and last traded at $24.78. 120,892 shares traded hands during mid-day trading, The stock had previously closed at $24.45.

Clearway Energy Price Performance

The company has a 50 day moving average price of $25.81 and a 200 day moving average price of $25.59.

Clearway Energy Increases Dividend

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

Insiders Place Their Bets

In other Clearway Energy 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 value of $53,480.00. Following the transaction, the director now directly owns 8,153 shares of the company’s stock, valued at approximately $218,011.22. This trade represents a 19.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Clearway Energy

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.