Analysts Set Clearway Energy Inc Class C (NYLD) Price Target at $19.67

Shares of Clearway Energy Inc Class C (NYSE:NYLD) have received an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.67.

Separately, Goldman Sachs Group set a $20.00 price objective on Clearway Energy Inc Class C and gave the company a “hold” rating in a report on Thursday, September 13th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Republic Investment Management Inc. acquired a new position in Clearway Energy Inc Class C in the 2nd quarter worth about $197,000. Trexquant Investment LP acquired a new position in Clearway Energy Inc Class C in the 2nd quarter worth about $280,000. Lake Street Advisors Group LLC acquired a new position in Clearway Energy Inc Class C in the 2nd quarter worth about $324,000. BlueMountain Capital Management LLC increased its position in Clearway Energy Inc Class C by 65.8% in the 2nd quarter. BlueMountain Capital Management LLC now owns 21,033 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 8,346 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Clearway Energy Inc Class C in the 2nd quarter worth about $404,000. 29.58% of the stock is owned by institutional investors and hedge funds.

Shares of Clearway Energy Inc Class C stock traded up $0.02 during trading on Friday, hitting $20.13. Clearway Energy Inc Class C has a 12-month low of $15.55 and a 12-month high of $20.75.

About Clearway Energy Inc Class C

Clearway Energy, Inc, through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW).

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