Bank of New York Mellon Corp increased its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 606,353 shares of the utilities provider’s stock after buying an additional 53,552 shares during the period. Bank of New York Mellon Corp owned 0.41% of Clean Energy Fuels Corp. worth $1,547,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY raised its position in Clean Energy Fuels Corp. by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 73,674 shares of the utilities provider’s stock worth $211,000 after buying an additional 222 shares during the period. Malaga Cove Capital LLC raised its stake in Clean Energy Fuels Corp. by 1.0% in the first quarter. Malaga Cove Capital LLC now owns 297,689 shares of the utilities provider’s stock worth $759,000 after buying an additional 3,000 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Clean Energy Fuels Corp. by 12.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,412 shares of the utilities provider’s stock worth $102,000 after buying an additional 3,900 shares during the last quarter. Everett Harris & Co. CA raised its stake in Clean Energy Fuels Corp. by 292.7% in the first quarter. Everett Harris & Co. CA now owns 40,250 shares of the utilities provider’s stock worth $103,000 after buying an additional 30,000 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Clean Energy Fuels Corp. during the fourth quarter worth approximately $182,000. 33.05% of the stock is owned by institutional investors.
Clean Energy Fuels Corp. (NASDAQ CLNE) traded up 2.22% during midday trading on Friday, reaching $2.30. The company’s stock had a trading volume of 770,713 shares. Clean Energy Fuels Corp. has a one year low of $2.18 and a one year high of $4.80. The stock has a market cap of $347.10 million, a price-to-earnings ratio of 12.50 and a beta of 1.87. The stock’s 50 day moving average price is $2.61 and its 200-day moving average price is $2.53.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $81 million for the quarter, compared to analyst estimates of $86.97 million. Clean Energy Fuels Corp. had a net margin of 7.24% and a return on equity of 5.14%. Clean Energy Fuels Corp.’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same period last year, the company posted $0.03 EPS. On average, analysts forecast that Clean Energy Fuels Corp. will post $0.03 EPS for the current fiscal year.
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A number of analysts have commented on the company. BidaskClub lowered Clean Energy Fuels Corp. from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Monday, August 7th. Finally, ValuEngine downgraded Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.53.
In other news, CFO Robert M. Vreeland purchased 11,500 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $2.32 per share, for a total transaction of $26,680.00. Following the acquisition, the chief financial officer now directly owns 170,654 shares of the company’s stock, valued at $395,917.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew J. Littlefair purchased 22,500 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average price of $2.24 per share, with a total value of $50,400.00. Following the acquisition, the chief executive officer now directly owns 1,312,167 shares in the company, valued at $2,939,254.08. The disclosure for this purchase can be found here. Insiders purchased a total of 97,000 shares of company stock worth $221,050 over the last ninety days. 26.69% of the stock is currently owned by corporate insiders.
Clean Energy Fuels Corp. Company Profile
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.
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