Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,747 shares of the utilities provider’s stock after purchasing an additional 6,989 shares during the period. Rhumbline Advisers owned approximately 0.13% of Clean Energy Fuels worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CLNE. Dimensional Fund Advisors LP raised its holdings in shares of Clean Energy Fuels by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,314,636 shares of the utilities provider’s stock worth $47,167,000 after purchasing an additional 702,049 shares during the last quarter. Iridian Asset Management LLC CT purchased a new position in shares of Clean Energy Fuels during the first quarter worth $392,000. SG Americas Securities LLC raised its holdings in shares of Clean Energy Fuels by 411.7% during the second quarter. SG Americas Securities LLC now owns 149,943 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 120,639 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Clean Energy Fuels by 271.6% during the fourth quarter. BNP Paribas Financial Markets now owns 145,256 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 106,162 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Clean Energy Fuels by 1.0% during the first quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock worth $27,071,000 after purchasing an additional 100,271 shares during the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CLNE shares. Scotiabank lifted their price objective on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a report on Tuesday, September 3rd. StockNews.com raised shares of Clean Energy Fuels to a “sell” rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Energy Fuels has an average rating of “Moderate Buy” and a consensus price target of $5.38.

Clean Energy Fuels Stock Up 4.3 %

CLNE stock opened at $3.16 on Tuesday. The stock has a market capitalization of $705.51 million, a P/E ratio of -9.03 and a beta of 2.12. The firm has a 50-day simple moving average of $2.90 and a 200-day simple moving average of $2.68. The company has a quick ratio of 2.82, a current ratio of 3.17 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a 52 week low of $2.17 and a 52 week high of $4.14.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $97.95 million during the quarter, compared to analysts’ expectations of $106.45 million. Clean Energy Fuels had a negative net margin of 19.61% and a negative return on equity of 8.75%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Equities analysts forecast that Clean Energy Fuels Corp. will post -0.34 earnings per share for the current fiscal year.

Clean Energy Fuels 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.