Baird Financial Group Inc. raised its stake in Clearway Energy, Inc. (NYSE:CWEN – Get Rating) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,959 shares of the company’s stock after purchasing an additional 6,250 shares during the period. Baird Financial Group Inc. owned approximately 0.13% of Clearway Energy worth $8,508,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Clearway Energy by 6.4% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 2,967,678 shares of the company’s stock worth $94,580,000 after acquiring an additional 177,224 shares during the period. CenterBook Partners LP bought a new position in shares of Clearway Energy during the 4th quarter worth about $204,000. Victory Capital Management Inc. lifted its holdings in shares of Clearway Energy by 166.7% during the 4th quarter. Victory Capital Management Inc. now owns 79,596 shares of the company’s stock worth $2,537,000 after acquiring an additional 49,748 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Clearway Energy by 30.0% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 512,656 shares of the company’s stock worth $16,338,000 after acquiring an additional 118,356 shares during the period. Finally, SVB Wealth LLC lifted its holdings in shares of Clearway Energy by 46.6% during the 4th quarter. SVB Wealth LLC now owns 15,838 shares of the company’s stock worth $505,000 after acquiring an additional 5,034 shares during the period. 77.98% of the stock is owned by institutional investors.
Clearway Energy Trading Down 2.0 %
Shares of CWEN stock opened at $29.55 on Friday. Clearway Energy, Inc. has a 12-month low of $28.38 and a 12-month high of $41.79. The company has a market capitalization of $5.97 billion, a P/E ratio of 5.61 and a beta of 0.74. The firm has a 50-day moving average price of $30.52 and a 200 day moving average price of $31.85. The company has a quick ratio of 1.94, a current ratio of 2.02 and a debt-to-equity ratio of 1.63.
Clearway Energy Increases Dividend
Analyst Ratings Changes
CWEN has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Clearway Energy in a report on Thursday, May 18th. They set a “hold” rating for the company. Oppenheimer cut their price target on shares of Clearway Energy from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Clearway Energy presently has a consensus rating of “Hold” and a consensus target price of $38.33.
Insider Buying and Selling at Clearway Energy
In related news, Director Infrastructure Investor Global acquired 71,980 shares of the stock in a transaction on Friday, March 31st. The stock was purchased at an average price of $31.15 per share, for a total transaction of $2,242,177.00. Following the transaction, the director now owns 172,601 shares of the company’s stock, valued at approximately $5,376,521.15. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.
Clearway Energy Company Profile
Clearway Energy, Inc engages in the ownership of contracted renewable and conventional generation facilities and thermal infrastructure assets. It operates through the following segments: Conventional Generation, Thermal, Renewable, and Corporate. The Renewable segment include solar and wind business.
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