Abundance Wealth Counselors Has $966,000 Holdings in Clearway Energy, Inc. (NYSE:CWEN)

Abundance Wealth Counselors trimmed its position in Clearway Energy, Inc. (NYSE:CWEN) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,138 shares of the company’s stock after selling 5,494 shares during the quarter. Abundance Wealth Counselors’ holdings in Clearway Energy were worth $966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fulton Bank N.A. increased its holdings in shares of Clearway Energy by 3.8% in the third quarter. Fulton Bank N.A. now owns 12,206 shares of the company’s stock valued at $374,000 after purchasing an additional 449 shares in the last quarter. Congress Asset Management Co. raised its stake in Clearway Energy by 0.4% during the 3rd quarter. Congress Asset Management Co. now owns 189,236 shares of the company’s stock worth $5,806,000 after buying an additional 699 shares during the period. Ballentine Partners LLC grew its stake in Clearway Energy by 5.2% in the fourth quarter. Ballentine Partners LLC now owns 15,916 shares of the company’s stock valued at $414,000 after acquiring an additional 787 shares during the period. Quarry LP increased its holdings in shares of Clearway Energy by 53.4% in the second quarter. Quarry LP now owns 2,422 shares of the company’s stock worth $60,000 after acquiring an additional 843 shares in the last quarter. Finally, Quad Cities Investment Group LLC raised its position in shares of Clearway Energy by 7.6% during the fourth quarter. Quad Cities Investment Group LLC now owns 12,602 shares of the company’s stock worth $328,000 after purchasing an additional 886 shares during the period. 84.53% of the stock is owned by institutional investors.

Clearway Energy Stock Down 0.1 %

NYSE:CWEN opened at $25.95 on Friday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.88. 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, Inc. has a twelve month low of $20.63 and a twelve month high of $30.92. The stock’s 50 day moving average price is $26.73 and its two-hundred day moving average price is $27.56.

Clearway Energy (NYSE:CWEN) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). Clearway Energy had a return on equity of 2.28% and a net margin of 8.94%. The firm had revenue of $486.00 million for the quarter, compared to the consensus estimate of $417.55 million. During the same period last year, the company posted $0.03 earnings per share. The business’s revenue was up 31.0% compared to the same quarter last year. Equities research analysts expect that Clearway Energy, Inc. will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CWEN. CIBC raised their target price on shares of Clearway Energy from $33.00 to $34.00 and gave the stock an “outperformer” rating in a report on Tuesday, October 22nd. StockNews.com upgraded shares of Clearway Energy from a “sell” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Clearway Energy currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

Insider Activity

In other Clearway Energy news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction 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 directly owns 8,153 shares of the company’s stock, valued at $218,011.22. The trade was a 19.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

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.