Clearway Energy (NYSE:CWEN.A) Trading 1.3% Higher – Still a Buy?

Clearway Energy, Inc. (NYSE:CWEN.A) was up 1.3% during trading on Friday . The stock traded as high as $24.80 and last traded at $24.78. Approximately 120,892 shares changed hands during trading, The stock had previously closed at $24.45.

Clearway Energy Stock Performance

The stock’s 50-day simple moving average is $25.81 and its two-hundred day simple moving average is $25.58.

Clearway Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.424 per share. This represents a $1.70 annualized dividend and a yield of 6.77%. This is an increase from Clearway Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 2nd.

Insider Buying and Selling

In other news, Director Brian R. Ford sold 2,000 shares of Clearway Energy stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.