Citigroup Inc. lowered its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Free Report) by 17.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,151 shares of the utilities provider’s stock after selling 129,044 shares during the quarter. Citigroup Inc. owned approximately 0.27% of Clean Energy Fuels worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Raymond James & Associates raised its stake in shares of Clean Energy Fuels by 48.7% during the first quarter. Raymond James & Associates now owns 65,322 shares of the utilities provider’s stock valued at $519,000 after purchasing an additional 21,391 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Clean Energy Fuels by 5.0% in the 1st quarter. Bank of New York Mellon Corp now owns 848,159 shares of the utilities provider’s stock worth $6,734,000 after purchasing an additional 40,120 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in Clean Energy Fuels by 16.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 33,376 shares of the utilities provider’s stock valued at $265,000 after acquiring an additional 4,764 shares in the last quarter. MetLife Investment Management LLC grew its stake in Clean Energy Fuels by 55.0% during the 1st quarter. MetLife Investment Management LLC now owns 83,879 shares of the utilities provider’s stock valued at $666,000 after acquiring an additional 29,759 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Clean Energy Fuels by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,272,602 shares of the utilities provider’s stock valued at $57,745,000 after acquiring an additional 115,935 shares in the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.
Clean Energy Fuels Stock Down 0.3 %
Shares of Clean Energy Fuels stock opened at $2.97 on Friday. Clean Energy Fuels Corp. has a 1 year low of $2.74 and a 1 year high of $5.98. The business has a 50-day moving average of $3.33 and a two-hundred day moving average of $3.67. The company has a market capitalization of $662.37 million, a P/E ratio of -7.07 and a beta of 2.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.69 and a quick ratio of 2.42.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on CLNE shares. StockNews.com upgraded Clean Energy Fuels to a “sell” rating in a report on Friday, November 10th. Stifel Nicolaus cut their price target on Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating for the company in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.
View Our Latest Analysis on CLNE
About Clean Energy Fuels
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.
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Source: americanbankingnews.com
