Clearway Energy (NYSE:CWEN.A) Trading Up 0.7% – Should You Buy?

Clearway Energy, Inc. (NYSE:CWEN.A)’s stock price shot up 0.7% during trading on Tuesday . The company traded as high as $27.32 and last traded at $27.15. 283,825 shares changed hands during mid-day trading, The stock had previously closed at $26.97.

Clearway Energy Stock Up 0.7 %

The business has a fifty day moving average of $24.87 and a 200 day moving average of $25.74.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.4312 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.72 annualized dividend and a dividend yield of 6.35%. This is a positive change from Clearway Energy’s previous quarterly dividend of $0.42.

Insider Activity at Clearway Energy

In other Clearway Energy 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 completion of the sale, the director now directly owns 8,153 shares in the company, valued at approximately $218,011.22. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

About Clearway Energy

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.