Clearway Energy, Inc. (NYSE:CWEN) Given Average Recommendation of “Moderate Buy” by Brokerages

Clearway Energy, Inc. (NYSE:CWEN) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.57.

A number of research analysts have recently issued reports 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 report on Tuesday, October 22nd. StockNews.com raised Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th.

Clearway Energy Stock Performance

CWEN opened at $26.15 on Monday. Clearway Energy has a 52-week low of $20.63 and a 52-week high of $30.92. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 1.20. The company has a market cap of $5.29 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88. The firm’s 50-day moving average price is $26.16 and its 200-day moving average price is $27.60.

Insiders Place Their Bets

In other Clearway Energy 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Clearway Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mascoma Wealth Management LLC purchased a new position in shares of Clearway Energy during the 4th quarter worth $28,000. New Age Alpha Advisors LLC purchased a new position in shares of Clearway Energy during the 4th quarter worth $31,000. Ashton Thomas Securities LLC purchased a new position in shares of Clearway Energy during the 3rd quarter worth $50,000. SBI Securities Co. Ltd. purchased a new position in shares of Clearway Energy during the 4th quarter worth $51,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Clearway Energy during the 3rd quarter worth $71,000. 84.53% of the stock is owned by institutional investors and hedge funds.

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.