Apollon Wealth Management LLC Makes New Investment in Clearway Energy, Inc. (NYSE:CWEN)

Apollon Wealth Management LLC purchased a new position in shares of Clearway Energy, Inc. (NYSE:CWEN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,502 shares of the company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. abrdn plc grew its stake in shares of Clearway Energy by 30.7% during the fourth quarter. abrdn plc now owns 602,700 shares of the company’s stock valued at $15,761,000 after acquiring an additional 141,500 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in Clearway Energy by 4.6% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 498,000 shares of the company’s stock valued at $12,948,000 after purchasing an additional 22,000 shares in the last quarter. Yaupon Capital Management LP grew its stake in Clearway Energy by 209.3% during the 3rd quarter. Yaupon Capital Management LP now owns 325,643 shares of the company’s stock valued at $9,991,000 after purchasing an additional 220,360 shares in the last quarter. Congress Asset Management Co. raised its position in shares of Clearway Energy by 0.4% in the 3rd quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock valued at $5,806,000 after purchasing an additional 699 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Clearway Energy in the 3rd quarter valued at approximately $3,532,000. 84.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Brian R. Ford sold 2,000 shares of the 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 in the company, valued at approximately $218,011.22. This 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 the SEC website. Company insiders own 0.52% of the company’s stock.

Clearway Energy Stock Performance

Clearway Energy stock opened at $26.15 on Friday. The company has a market cap of $5.29 billion, a PE ratio of 25.14, a P/E/G ratio of 1.70 and a beta of 0.88. Clearway Energy, Inc. has a 12 month low of $20.63 and a 12 month high of $30.92. The company has a fifty day moving average price of $26.16 and a two-hundred day moving average price of $27.59. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.59 and a quick ratio of 1.49.

Analyst Ratings Changes

CWEN has been the subject of a number of recent analyst reports. StockNews.com raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. CIBC raised their price objective on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.57.

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.