Clearway Energy, Inc. (NYSE:CWEN) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC grew its holdings in Clearway Energy, Inc. (NYSE:CWENFree Report) by 17.0% during the third quarter, HoldingsChannel reports. The firm owned 20,103 shares of the company’s stock after acquiring an additional 2,916 shares during the period. New York Life Investment Management LLC’s holdings in Clearway Energy were worth $425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CWEN. Credit Agricole S A acquired a new stake in shares of Clearway Energy during the 2nd quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Clearway Energy during the 3rd quarter worth approximately $42,000. Spirit of America Management Corp NY increased its holdings in shares of Clearway Energy by 23.3% during the 3rd quarter. Spirit of America Management Corp NY now owns 5,300 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Clearway Energy by 31.0% during the 2nd quarter. Macquarie Group Ltd. now owns 3,272 shares of the company’s stock worth $114,000 after buying an additional 775 shares during the last quarter. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Clearway Energy during the 3rd quarter worth approximately $153,000. Institutional investors and hedge funds own 33.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Roth Mkm cut their price target on shares of Clearway Energy from $34.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. StockNews.com downgraded shares of Clearway Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Oppenheimer lifted their target price on shares of Clearway Energy from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.60.

Check Out Our Latest Stock Report on CWEN

Clearway Energy Stock Performance

NYSE:CWEN opened at $22.96 on Friday. The company has a fifty day simple moving average of $25.62 and a two-hundred day simple moving average of $24.20. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 49.91 and a beta of 0.90. The company has a quick ratio of 1.99, a current ratio of 2.05 and a debt-to-equity ratio of 1.65. Clearway Energy, Inc. has a 52 week low of $18.59 and a 52 week high of $33.62.

Clearway Energy Company Profile

(Free Report)

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional, Renewables, and Thermal segments. It has approximately 5,500 net megawatts (MW) of installed wind and solar generation projects; and approximately 2,500 net MW of natural gas generation facilities.

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Institutional Ownership by Quarter for Clearway Energy (NYSE:CWEN)

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