Citigroup Inc. increased its position in Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) by 13.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 423,814 shares of the utilities provider’s stock after purchasing an additional 51,692 shares during the period. Citigroup Inc. owned 0.19% of Clean Energy Fuels worth $2,204,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CLNE. State Street Corp lifted its holdings in shares of Clean Energy Fuels by 19.6% during the second quarter. State Street Corp now owns 12,696,002 shares of the utilities provider’s stock worth $56,878,000 after purchasing an additional 2,082,455 shares during the period. Vanguard Group Inc. increased its stake in shares of Clean Energy Fuels by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 9,513,320 shares of the utilities provider’s stock valued at $75,535,000 after acquiring an additional 177,210 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Clean Energy Fuels by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 8,389,185 shares of the utilities provider’s stock worth $44,799,000 after purchasing an additional 661,088 shares during the period. Global Alpha Capital Management Ltd. grew its position in Clean Energy Fuels by 16.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 4,699,081 shares of the utilities provider’s stock valued at $25,093,000 after acquiring an additional 653,006 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Clean Energy Fuels by 65.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,437,442 shares of the utilities provider’s stock valued at $13,016,000 after purchasing an additional 960,175 shares in the last quarter. Institutional investors and hedge funds own 46.43% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CLNE. TD Cowen dropped their target price on Clean Energy Fuels from $7.00 to $5.50 and set a “market perform” rating on the stock in a research report on Monday, March 6th. StockNews.com began coverage on shares of Clean Energy Fuels in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Piper Sandler initiated coverage on shares of Clean Energy Fuels in a research note on Monday, February 27th. They set an “overweight” rating and a $8.00 target price for the company. Raymond James upgraded shares of Clean Energy Fuels from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Wednesday, April 5th. Finally, Lake Street Capital cut their price objective on Clean Energy Fuels from $27.00 to $22.00 in a research report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Clean Energy Fuels has an average rating of “Moderate Buy” and a consensus target price of $10.79.
Insider Buying and Selling at Clean Energy Fuels
In other Clean Energy Fuels news, SVP Barclay Corbus sold 5,643 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $5.69, for a total value of $32,108.67. Following the sale, the senior vice president now directly owns 624,458 shares in the company, valued at $3,553,166.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.
Clean Energy Fuels Trading Down 2.9 %
Clean Energy Fuels stock opened at $4.31 on Thursday. Clean Energy Fuels Corp. has a 52 week low of $3.84 and a 52 week high of $8.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.66 and a current ratio of 2.91. The firm has a market capitalization of $960.74 million, a PE ratio of -13.06 and a beta of 2.18. The business’s 50-day simple moving average is $4.31 and its 200-day simple moving average is $5.24.
Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The utilities provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $113.76 million during the quarter, compared to the consensus estimate of $111.40 million. Clean Energy Fuels had a negative net margin of 15.62% and a negative return on equity of 10.14%. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.41 earnings per share for the current year.
About Clean Energy Fuels
(Get Rating)
Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It also builds and operates compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling stations, manufactures CNG and LNG equipment and technologies, and delivers CNG and LNG vehicle fuel.
Further Reading
Want to see what other hedge funds are holding CLNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Clean Energy Fuels, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Clean Energy Fuels wasn’t on the list.
While Clean Energy Fuels currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
Citigroup Inc. increased its position in Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) by 13.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 423,814 shares of the utilities provider’s stock after purchasing an additional 51,692 shares during the period. Citigroup Inc. owned 0.19% of Clean Energy Fuels worth $2,204,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CLNE. State Street Corp lifted its holdings in shares of Clean Energy Fuels by 19.6% during the second quarter. State Street Corp now owns 12,696,002 shares of the utilities provider’s stock worth $56,878,000 after purchasing an additional 2,082,455 shares during the period. Vanguard Group Inc. increased its stake in shares of Clean Energy Fuels by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 9,513,320 shares of the utilities provider’s stock valued at $75,535,000 after acquiring an additional 177,210 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Clean Energy Fuels by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 8,389,185 shares of the utilities provider’s stock worth $44,799,000 after purchasing an additional 661,088 shares during the period. Global Alpha Capital Management Ltd. grew its position in Clean Energy Fuels by 16.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 4,699,081 shares of the utilities provider’s stock valued at $25,093,000 after acquiring an additional 653,006 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Clean Energy Fuels by 65.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,437,442 shares of the utilities provider’s stock valued at $13,016,000 after purchasing an additional 960,175 shares in the last quarter. Institutional investors and hedge funds own 46.43% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CLNE. TD Cowen dropped their target price on Clean Energy Fuels from $7.00 to $5.50 and set a “market perform” rating on the stock in a research report on Monday, March 6th. StockNews.com began coverage on shares of Clean Energy Fuels in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Piper Sandler initiated coverage on shares of Clean Energy Fuels in a research note on Monday, February 27th. They set an “overweight” rating and a $8.00 target price for the company. Raymond James upgraded shares of Clean Energy Fuels from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a research report on Wednesday, April 5th. Finally, Lake Street Capital cut their price objective on Clean Energy Fuels from $27.00 to $22.00 in a research report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Clean Energy Fuels has an average rating of “Moderate Buy” and a consensus target price of $10.79.
Insider Buying and Selling at Clean Energy Fuels
In other Clean Energy Fuels news, SVP Barclay Corbus sold 5,643 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $5.69, for a total value of $32,108.67. Following the sale, the senior vice president now directly owns 624,458 shares in the company, valued at $3,553,166.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.
Clean Energy Fuels Trading Down 2.9 %
Clean Energy Fuels stock opened at $4.31 on Thursday. Clean Energy Fuels Corp. has a 52 week low of $3.84 and a 52 week high of $8.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.66 and a current ratio of 2.91. The firm has a market capitalization of $960.74 million, a PE ratio of -13.06 and a beta of 2.18. The business’s 50-day simple moving average is $4.31 and its 200-day simple moving average is $5.24.
Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The utilities provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $113.76 million during the quarter, compared to the consensus estimate of $111.40 million. Clean Energy Fuels had a negative net margin of 15.62% and a negative return on equity of 10.14%. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.41 earnings per share for the current year.
About Clean Energy Fuels
(Get Rating)
Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It also builds and operates compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling stations, manufactures CNG and LNG equipment and technologies, and delivers CNG and LNG vehicle fuel.
Further Reading
Want to see what other hedge funds are holding CLNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Clean Energy Fuels, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Clean Energy Fuels wasn’t on the list.
While Clean Energy Fuels currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
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