Stifel Financial Corp Has $1.13 Million Stake in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Stifel Financial Corp boosted its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 32.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 364,502 shares of the utilities provider’s stock after acquiring an additional 88,860 shares during the period. Stifel Financial Corp owned 0.16% of Clean Energy Fuels worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in Clean Energy Fuels by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider’s stock worth $187,000 after acquiring an additional 6,637 shares during the last quarter. FMR LLC lifted its position in Clean Energy Fuels by 14.8% during the 3rd quarter. FMR LLC now owns 53,546 shares of the utilities provider’s stock worth $167,000 after acquiring an additional 6,884 shares during the last quarter. Rhumbline Advisers lifted its position in Clean Energy Fuels by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider’s stock worth $782,000 after acquiring an additional 6,989 shares during the last quarter. Eastern Bank acquired a new position in Clean Energy Fuels during the 3rd quarter worth $31,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Clean Energy Fuels by 21.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,841 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 11,534 shares during the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Scotiabank boosted their price objective on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.38.

Clean Energy Fuels Stock Performance

NASDAQ:CLNE opened at $2.56 on Monday. The firm’s 50-day moving average is $2.86 and its 200-day moving average is $2.84. Clean Energy Fuels Corp. has a 52-week low of $2.17 and a 52-week high of $4.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The company has a market cap of $572.05 million, a price-to-earnings ratio of -8.26 and a beta of 2.14.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $100.64 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

About Clean Energy Fuels

Clean Energy Fuels Corp. provides natural gas as alternative fuels 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.