Clearway Energy, Inc. (NYSE:CWEN) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its stake in Clearway Energy, Inc. (NYSE:CWEN) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,305 shares of the company’s stock after selling 6,283 shares during the period. Sanctuary Advisors LLC owned 0.06% of Clearway Energy worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hancock Whitney Corp acquired a new stake in Clearway Energy in the third quarter worth approximately $1,486,000. National Bank of Canada FI raised its stake in shares of Clearway Energy by 1,778.8% in the 3rd quarter. National Bank of Canada FI now owns 30,907 shares of the company’s stock worth $948,000 after buying an additional 29,262 shares in the last quarter. abrdn plc lifted its holdings in shares of Clearway Energy by 30.7% in the fourth 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 period. Entropy Technologies LP bought a new position in Clearway Energy during the third quarter valued at about $1,026,000. Finally, Congress Asset Management Co. grew its holdings in Clearway Energy by 6.7% during the fourth quarter. Congress Asset Management Co. now owns 201,876 shares of the company’s stock worth $5,249,000 after acquiring an additional 12,640 shares during the period. 84.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.57.

Insiders Place Their Bets

In other news, Director Brian R. Ford sold 2,000 shares of the 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 sale, the director now owns 8,153 shares in the company, valued at $218,011.22. This 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 at this link. Corporate insiders own 0.52% of the company’s stock.

Clearway Energy Trading Up 1.4 %

Shares of NYSE CWEN opened at $27.42 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. Clearway Energy, Inc. has a 12 month low of $20.63 and a 12 month high of $30.92. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.75 and a beta of 0.88. The business has a fifty day simple moving average of $26.05 and a 200-day simple moving average of $27.56.

Clearway Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.4312 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 6.29%. Clearway Energy’s dividend payout ratio 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.