Entropy Technologies LP Grows Stock Position in Clearway Energy, Inc. (NYSE:CWEN)

Entropy Technologies LP lifted its holdings in shares of Clearway Energy, Inc. (NYSE:CWEN) by 32.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 44,445 shares of the company’s stock after acquiring an additional 11,012 shares during the period. Entropy Technologies LP’s holdings in Clearway Energy were worth $1,156,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Creative Planning boosted its stake in Clearway Energy by 25.3% in the 2nd quarter. Creative Planning now owns 13,316 shares of the company’s stock worth $329,000 after purchasing an additional 2,691 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of Clearway Energy by 34.0% during the third quarter. nVerses Capital LLC now owns 6,700 shares of the company’s stock worth $206,000 after buying an additional 1,700 shares during the period. Quad Cities Investment Group LLC purchased a new stake in shares of Clearway Energy during the third quarter valued at $359,000. Spirit of America Management Corp NY increased its position in shares of Clearway Energy by 17.2% in the 3rd quarter. Spirit of America Management Corp NY now owns 6,800 shares of the company’s stock valued at $209,000 after acquiring an additional 1,000 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Clearway Energy by 11.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 20,890 shares of the company’s stock valued at $641,000 after acquiring an additional 2,200 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CWEN has been the topic of several research analyst reports. StockNews.com upgraded Clearway Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. CIBC upped 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.57.

Insiders Place Their Bets

In other news, Director Brian R. Ford sold 2,000 shares of the firm’s stock in a transaction dated 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 $218,011.22. This trade represents a 19.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Clearway Energy Stock Up 0.4 %

Shares of CWEN opened at $26.21 on Tuesday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 25.21, a PEG 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. The stock’s 50-day moving average price is $26.34 and its 200-day moving average price is $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.

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.