Nisa Investment Advisors LLC Sells 11,185 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Nisa Investment Advisors LLC reduced its stake in Clearway Energy, Inc. (NYSE:CWEN) by 53.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,705 shares of the company’s stock after selling 11,185 shares during the period. Nisa Investment Advisors LLC’s holdings in Clearway Energy were worth $252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fulton Bank N.A. grew its position in Clearway Energy by 3.8% during the 3rd quarter. Fulton Bank N.A. now owns 12,206 shares of the company’s stock valued at $374,000 after purchasing an additional 449 shares during the last quarter. Congress Asset Management Co. grew its holdings 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 valued at $5,806,000 after buying an additional 699 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Clearway Energy by 5.2% during the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock valued at $414,000 after acquiring an additional 787 shares in the last quarter. Quarry LP raised its holdings in Clearway Energy by 53.4% in the 2nd quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after acquiring an additional 843 shares during the last quarter. Finally, Quad Cities Investment Group LLC raised its holdings in Clearway Energy by 7.6% in the 4th quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock worth $328,000 after acquiring an additional 886 shares during the last quarter. 84.53% of the stock is currently owned by institutional investors.

Clearway Energy Stock Performance

Shares of CWEN opened at $25.57 on Thursday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 24.59, a PEG ratio of 1.65 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49. Clearway Energy, Inc. has a one year low of $20.63 and a one year high of $30.92. The business has a fifty day moving average of $26.82 and a 200 day moving average of $27.56.

Clearway Energy (NYSE:CWEN) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). Clearway Energy had a net margin of 8.94% and a return on equity of 2.28%. The firm had revenue of $486.00 million for the quarter, compared to the consensus estimate of $417.55 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Clearway Energy, Inc. will post 0.82 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on CWEN shares. CIBC increased their target price on Clearway Energy from $33.00 to $34.00 and gave the company an “outperformer” rating in a research note on Tuesday, October 22nd. StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Clearway Energy currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

Insider Buying and Selling

In related news, Director Brian R. Ford sold 2,000 shares of the firm’s 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 transaction, the director now directly owns 8,153 shares of the company’s stock, valued at approximately $218,011.22. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by insiders.

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.