Clearway Energy Inc (NYSE: CWEN) is 3.35% higher on its value in year-to-date trading and has touched a low of $20.63 and a high of $30.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CWEN stock was last observed hovering at around $27.92 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $28.35, the stock is 3.27% and 0.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 1.54% at the moment leaves the stock 9.18% off its SMA200. CWEN registered 24.78% gain for a year compared to 6-month gain of 7.92%. The firm has a 50-day simple moving average (SMA 50) of $28.223 and a 200-day simple moving average (SMA200) of $25.9409.
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The stock witnessed a 5.08% loss in the last 1 month and extending the period to 3 months gives it a -2.78%, and is 3.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.02% over the week and 3.26% over the month.
Clearway Energy Inc (CWEN) has around 61 employees, a market worth around $5.67B and $1.46B in sales. Current P/E ratio is 27.26 and Fwd P/E is 54.96. Profit margin for the company is 8.38%. Distance from 52-week low is 37.42% and -8.31% from its 52-week high. The company has generated returns on investments over the last 12 months (1.29%).
The EPS is expected to grow by 18.16% this year
476.0 institutions hold shares in Clearway Energy Inc (CWEN), with institutional investors hold 92.67% of the company’s shares. The shares outstanding are 82.39M, and float is at 81.55M with Short Float at 2.98%. Institutions hold 91.36% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.38 million shares valued at $355.04 million. The investor’s holdings represent 12.2905 of the CWEN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.53 million shares valued at $235.22 million to account for 8.1426 of the shares outstanding. The other top investors are NEUBERGER BERMAN GROUP LLC which holds 3.58 million shares representing 3.0641 and valued at over $88.51 million, while STATE STREET CORP holds 2.3758 of the shares totaling 2.78 million with a market value of $68.63 million.
Clearway Energy Inc (CWEN) Insider Activity
The most recent transaction is an insider purchase by ONEAL E STANLEY, the company’s Director. SEC filings show that ONEAL E STANLEY bought 3,000 shares of the company’s common stock on Aug 09 ’24 at a price of $28.35 per share for a total of $85045.0. Following the purchase, the insider now owns 67842.0 shares.
Clearway Energy Inc disclosed in a document filed with the SEC on Mar 28 ’24 that TotalEnergies SE (Director) bought a total of 196,964 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $22.86 per share for $4.5 million. Following the transaction, the insider now directly holds 0.3 million shares of the CWEN stock.
Still, SEC filings show that on Mar 28 ’24, Global Infrastructure Investor (Director) acquired 196,964 shares at an average price of $22.86 for $4.5 million. The insider now directly holds 295,235 shares of Clearway Energy Inc (CWEN).
