Principal Financial Group Inc. Sells 4,828 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Principal Financial Group Inc. lowered its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 28.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,911 shares of the utilities provider’s stock after selling 4,828 shares during the quarter. Principal Financial Group Inc.’s holdings in Clean Energy Fuels were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Clean Energy Fuels by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock valued at $27,071,000 after acquiring an additional 100,271 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Clean Energy Fuels by 30.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 10,437 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Clean Energy Fuels by 33.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 105,763 shares of the utilities provider’s stock worth $284,000 after buying an additional 26,356 shares during the period. Tidal Investments LLC acquired a new position in Clean Energy Fuels during the 1st quarter worth about $33,000. Finally, SG Americas Securities LLC grew its position in shares of Clean Energy Fuels by 411.7% in the 2nd quarter. SG Americas Securities LLC now owns 149,943 shares of the utilities provider’s stock valued at $400,000 after buying an additional 120,639 shares during the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CLNE. Scotiabank raised their price objective on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, September 3rd. StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $5.38.

Clean Energy Fuels Stock Down 2.1 %

Shares of NASDAQ:CLNE opened at $2.84 on Wednesday. Clean Energy Fuels Corp. has a 1 year low of $2.17 and a 1 year high of $4.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The business’s 50-day moving average is $2.93 and its 200-day moving average is $2.83. The company has a market capitalization of $634.63 million, a price-to-earnings ratio of -9.16 and a beta of 2.12.

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