Clearway Energy, Inc. $CWEN Shares Purchased by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership increased its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,235 shares of the company’s stock after buying an additional 65,522 shares during the quarter. Clearway Energy accounts for about 1.8% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 25th largest position. Foresight Group Ltd Liability Partnership owned approximately 0.21% of Clearway Energy worth $11,815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in shares of Clearway Energy by 2.3% during the third quarter. Ballentine Partners LLC now owns 16,763 shares of the company’s stock worth $474,000 after acquiring an additional 371 shares during the last quarter. Measured Risk Portfolios Inc. raised its position in shares of Clearway Energy by 0.6% in the 3rd quarter. Measured Risk Portfolios Inc. now owns 79,228 shares of the company’s stock valued at $2,238,000 after purchasing an additional 469 shares during the last quarter. James Investment Research Inc. boosted its stake in Clearway Energy by 6.3% in the 3rd quarter. James Investment Research Inc. now owns 7,966 shares of the company’s stock worth $225,000 after purchasing an additional 473 shares in the last quarter. CW Advisors LLC grew its position in Clearway Energy by 3.6% during the 2nd quarter. CW Advisors LLC now owns 15,185 shares of the company’s stock worth $486,000 after purchasing an additional 525 shares during the last quarter. Finally, Abundance Wealth Counselors increased its stake in Clearway Energy by 1.5% during the 3rd quarter. Abundance Wealth Counselors now owns 39,760 shares of the company’s stock valued at $1,123,000 after purchasing an additional 602 shares in the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CWEN. Weiss Ratings reissued a “hold (c)” rating on shares of Clearway Energy in a report on Wednesday, January 21st. Wall Street Zen upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research note on Sunday, January 18th. Zacks Research lowered Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Canadian Imperial Bank of Commerce raised Clearway Energy from a “neutral” rating to a “sector outperform” rating and lifted their target price for the stock from $37.00 to $38.00 in a report on Tuesday, December 16th. Finally, UBS Group reiterated a “buy” rating and issued a $39.00 price target on shares of Clearway Energy in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.71.

Clearway Energy Trading Up 1.2%

Clearway Energy stock opened at $39.09 on Tuesday. The firm has a market cap of $7.97 billion, a PE ratio of 16.71, a P/E/G ratio of 1.46 and a beta of 0.94. Clearway Energy, Inc. has a 12 month low of $25.55 and a 12 month high of $39.50. The stock’s 50 day simple moving average is $34.38 and its two-hundred day simple moving average is $32.45. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.41.

Clearway Energy Company Profile

Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.