Clearway Energy (NYSE:CWEN.A) Stock Price Up 1.3% – Here’s What Happened

Clearway Energy, Inc. (NYSE:CWEN.A) traded 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 trading, The stock had previously closed at $24.45.

Clearway Energy Trading Up 1.0 %

The stock has a fifty day simple moving average of $25.81 and a 200 day simple moving average of $25.58.

Clearway Energy Increases Dividend

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

Insiders Place Their Bets

In other news, Director Brian R. Ford sold 2,000 shares of the company’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 sale, the director now directly owns 8,153 shares of the company’s stock, valued at $218,011.22. This represents a 19.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.