Caisse Des Depots ET Consignations Sells 21,225 Shares of Clearway Energy, Inc. $CWEN

Caisse Des Depots ET Consignations decreased its stake in shares of Clearway Energy, Inc. (NYSE:CWEN) by 60.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,721 shares of the company’s stock after selling 21,225 shares during the period. Caisse Des Depots ET Consignations’ holdings in Clearway Energy were worth $388,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ABC Arbitrage SA grew its holdings in Clearway Energy by 38.2% in the third quarter. ABC Arbitrage SA now owns 21,773 shares of the company’s stock worth $615,000 after purchasing an additional 6,014 shares during the period. Foresight Group Ltd Liability Partnership boosted its position in shares of Clearway Energy by 18.6% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 418,235 shares of the company’s stock worth $11,815,000 after purchasing an additional 65,522 shares in the last quarter. ELCO Management Co. LLC boosted its position in shares of Clearway Energy by 37.3% during the 3rd quarter. ELCO Management Co. LLC now owns 10,495 shares of the company’s stock worth $296,000 after purchasing an additional 2,850 shares in the last quarter. AGF Management Ltd. grew its stake in shares of Clearway Energy by 58.7% in the 3rd quarter. AGF Management Ltd. now owns 34,637 shares of the company’s stock valued at $978,000 after buying an additional 12,807 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC bought a new stake in Clearway Energy in the 3rd quarter valued at about $570,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CWEN. 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. Zacks Research cut Clearway Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Wall Street Zen raised shares of Clearway Energy from a “sell” rating to a “hold” rating in a research report on Sunday, January 18th. Canadian Imperial Bank of Commerce upgraded shares of Clearway Energy from a “neutral” rating to a “sector outperform” rating and upped their price objective for the stock from $37.00 to $38.00 in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Clearway Energy in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Clearway Energy has a consensus rating of “Moderate Buy” and a consensus target price of $37.71.

Clearway Energy Stock Performance

NYSE CWEN opened at $40.03 on Friday. The company has a fifty day moving average price of $34.70 and a 200-day moving average price of $32.61. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.51 and a beta of 0.95. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.54 and a quick ratio of 1.44. Clearway Energy, Inc. has a 1 year low of $25.63 and a 1 year high of $40.53.

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.