Nisa Investment Advisors LLC reduced its position in Clearway Energy, Inc. (NYSE:CWEN – Free Report) by 53.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,705 shares of the company’s stock after selling 11,185 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Clearway Energy were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. abrdn plc boosted its holdings in Clearway Energy by 8.7% in the 3rd quarter. abrdn plc now owns 461,200 shares of the company’s stock worth $14,150,000 after buying an additional 37,100 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Clearway Energy by 144.8% in the second quarter. The Manufacturers Life Insurance Company now owns 430,269 shares of the company’s stock valued at $10,623,000 after acquiring an additional 254,486 shares in the last quarter. Yaupon Capital Management LP boosted its stake in shares of Clearway Energy by 209.3% in the third quarter. Yaupon Capital Management LP now owns 325,643 shares of the company’s stock worth $9,991,000 after acquiring an additional 220,360 shares during the period. Congress Asset Management Co. grew its position in shares of Clearway Energy by 0.4% during the third quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock worth $5,806,000 after purchasing an additional 699 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Clearway Energy during the 3rd quarter valued at approximately $3,532,000. 84.53% of the stock is currently owned by institutional investors.
Insider Transactions at Clearway Energy
In other news, Director Brian R. Ford sold 2,000 shares of the firm’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 value of $53,480.00. Following the completion of the sale, the director now directly owns 8,153 shares of the company’s stock, valued at $218,011.22. This trade represents a 19.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.52% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on CWEN
Clearway Energy Stock Down 0.2 %
Shares of CWEN opened at $25.57 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.65 and a beta of 0.88. Clearway Energy, Inc. has a 1 year low of $20.63 and a 1 year high of $30.92. The business’s 50 day simple moving average is $26.82 and its 200-day simple moving average is $27.56.
Clearway Energy (NYSE:CWEN – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The business had revenue of $486.00 million during the quarter, compared to the consensus estimate of $417.55 million. During the same quarter in the prior year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. As a group, equities analysts expect that Clearway Energy, Inc. will post 0.82 earnings per share for the current fiscal year.
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.
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