Franklin Resources Inc. Has $37,000 Stock Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Franklin Resources Inc. lessened its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 31.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,792 shares of the utilities provider’s stock after selling 5,991 shares during the period. Franklin Resources Inc.’s holdings in Clean Energy Fuels were worth $37,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. SIR Capital Management L.P. raised its position in Clean Energy Fuels by 9.8% during the 2nd quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock worth $7,381,000 after purchasing an additional 246,600 shares during the last quarter. Barclays PLC raised its position in shares of Clean Energy Fuels by 252.1% during the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock worth $828,000 after acquiring an additional 190,520 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Clean Energy Fuels in the third quarter worth approximately $411,000. HITE Hedge Asset Management LLC boosted its holdings in Clean Energy Fuels by 26.8% in the third quarter. HITE Hedge Asset Management LLC now owns 603,533 shares of the utilities provider’s stock valued at $1,877,000 after acquiring an additional 127,712 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Clean Energy Fuels by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider’s stock valued at $13,075,000 after purchasing an additional 126,760 shares during the period. Institutional investors own 49.94% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Clean Energy Fuels has a consensus rating of “Buy” and a consensus target price of $5.38.

Clean Energy Fuels Trading Up 4.8 %

Shares of CLNE stock opened at $2.63 on Friday. The company has a market cap of $587.69 million, a P/E ratio of -8.48 and a beta of 2.14. Clean Energy Fuels Corp. has a fifty-two week low of $2.17 and a fifty-two week high of $3.74. 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 stock has a 50 day simple moving average of $2.80 and a two-hundred day simple moving average of $2.82.

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

Clean Energy Fuels Company Profile

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.