Entropy Technologies LP Acquires 11,012 Shares of Clearway Energy, Inc. (NYSE:CWEN)

Entropy Technologies LP lifted its holdings in Clearway Energy, Inc. (NYSE:CWEN) by 32.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,445 shares of the company’s stock after buying an additional 11,012 shares during the quarter. Entropy Technologies LP’s holdings in Clearway Energy were worth $1,156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Clearway Energy in the third quarter worth $3,532,000. Hancock Whitney Corp bought a new position in shares of Clearway Energy in the third quarter worth about $1,486,000. National Bank of Canada FI increased its stake in Clearway Energy by 1,778.8% in the 3rd quarter. National Bank of Canada FI now owns 30,907 shares of the company’s stock worth $948,000 after buying an additional 29,262 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings 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 buying an additional 22,000 shares in the last quarter. Finally, abrdn plc boosted its position in Clearway Energy by 30.7% in the 4th quarter. abrdn plc now owns 602,700 shares of the company’s stock valued at $15,761,000 after buying an additional 141,500 shares during the period. 84.53% of the stock is owned by institutional investors.

Clearway Energy Stock Performance

Shares of NYSE:CWEN opened at $26.21 on Tuesday. The firm has a 50 day moving average of $26.34 and a 200 day moving average of $27.61. 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 capitalization of $5.30 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88. Clearway Energy, Inc. has a 52 week low of $20.63 and a 52 week high of $30.92.

Insider Transactions at Clearway Energy

In related news, Director Brian R. Ford sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $26.74, for a total transaction of $53,480.00. Following the completion of the transaction, the director now owns 8,153 shares in the company, valued at $218,011.22. The trade was a 19.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CWEN. CIBC lifted their price target on shares of 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 upgraded Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.57.

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.