Barclays PLC Purchases 190,520 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Barclays PLC increased its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 252.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 266,104 shares of the utilities provider’s stock after buying an additional 190,520 shares during the period. Barclays PLC owned about 0.12% of Clean Energy Fuels worth $828,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Global Alpha Capital Management Ltd. boosted its holdings in Clean Energy Fuels by 1.5% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,145,976 shares of the utilities provider’s stock worth $22,224,000 after buying an additional 102,400 shares during the period. State Street Corp boosted its holdings in Clean Energy Fuels by 0.5% in the 3rd quarter. State Street Corp now owns 5,923,358 shares of the utilities provider’s stock worth $18,422,000 after buying an additional 31,602 shares during the period. Geode Capital Management LLC boosted its holdings in Clean Energy Fuels by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider’s stock worth $13,075,000 after buying an additional 126,760 shares during the period. Yaupon Capital Management LP boosted its holdings in Clean Energy Fuels by 4.9% in the 3rd quarter. Yaupon Capital Management LP now owns 2,573,358 shares of the utilities provider’s stock worth $8,003,000 after buying an additional 120,987 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Clean Energy Fuels by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,443,182 shares of the utilities provider’s stock worth $4,488,000 after buying an additional 15,737 shares during the period. Institutional investors own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a 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 given a strong buy rating to the company’s stock. According to MarketBeat, Clean Energy Fuels has an average rating of “Buy” and an average price target of $5.38.

Clean Energy Fuels Stock Up 5.6 %

CLNE opened at $2.85 on Thursday. The firm has a 50-day simple moving average of $2.80 and a two-hundred day simple moving average of $2.84. Clean Energy Fuels Corp. has a 52 week low of $2.17 and a 52 week high of $3.42. The company has a market capitalization of $636.85 million, a PE ratio of -9.19 and a beta of 2.16. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $100.64 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The business’s revenue was up 9.7% on a year-over-year basis. Analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal 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.