Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 28.8% in the 3rd quarter, according to the company in its most recent 13F filing 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 SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CLNE. Eastern Bank purchased a new position in Clean Energy Fuels during the third quarter worth approximately $31,000. DRW Securities LLC purchased a new stake in Clean Energy Fuels during the 2nd quarter worth approximately $38,000. Point72 DIFC Ltd acquired a new stake in shares of Clean Energy Fuels in the third quarter valued at $41,000. Zacks Investment Management purchased a new stake in shares of Clean Energy Fuels during the third quarter worth approximately $42,000. Finally, Algert Global LLC acquired a new stake in shares of Clean Energy Fuels in the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Stock Up 0.3 %

Shares of NASDAQ:CLNE opened at $3.02 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $2.83. Clean Energy Fuels Corp. has a fifty-two week low of $2.17 and a fifty-two week high of $3.64. The company has a market cap of $674.84 million, a price-to-earnings ratio of -9.74 and a beta of 2.16.

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 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 company 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 business posted ($0.12) earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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 given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $5.38.

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.