Castellan Group Decreases Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Castellan Group trimmed its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,409 shares of the company’s stock after selling 9,710 shares during the period. Castellan Group owned 0.06% of Clearway Energy worth $3,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Congress Asset Management Co. lifted its holdings in Clearway Energy by 0.4% during the 3rd 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. Ballentine Partners LLC lifted its holdings in Clearway Energy by 5.2% during the 4th quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock worth $414,000 after buying an additional 787 shares during the last quarter. Quad Cities Investment Group LLC lifted its holdings in shares of Clearway Energy by 7.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock valued at $328,000 after purchasing an additional 886 shares during the last quarter. Spirit of America Management Corp NY lifted its holdings in shares of 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 during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Clearway Energy by 5.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 22,402 shares of the company’s stock valued at $687,000 after purchasing an additional 1,116 shares during the last quarter. 84.53% of the stock is owned by hedge funds and other institutional investors.

Clearway Energy Stock Up 0.2 %

CWEN opened at $26.12 on Thursday. The business has a 50 day moving average price of $26.25 and a two-hundred day moving average price of $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 company has a market cap of $5.28 billion, a PE ratio of 25.12, a P/E/G ratio of 1.70 and a beta of 0.88. Clearway Energy, Inc. has a 52 week low of $20.63 and a 52 week high of $30.92.

Insider Buying and Selling at Clearway Energy

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of the business’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 transaction of $53,480.00. Following the transaction, the director now owns 8,153 shares in the company, valued at approximately $218,011.22. The trade was a 19.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CWEN has been the subject of several research reports. CIBC boosted their target price on Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Clearway Energy has an average rating of “Moderate Buy” and an average target price of $32.57.

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.