J. Derek Lewis & Associates Inc. decreased its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Free Report) by 32.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,250,358 shares of the utilities provider’s stock after selling 613,822 shares during the quarter. Clean Energy Fuels comprises approximately 0.7% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 26th biggest holding. J. Derek Lewis & Associates Inc.’s holdings in Clean Energy Fuels were worth $3,101,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in shares of Clean Energy Fuels by 40.3% in the fourth quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 4,791 shares in the last quarter. Connors Investor Services Inc. lifted its holdings in Clean Energy Fuels by 7.7% during the 4th quarter. Connors Investor Services Inc. now owns 70,000 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 5,000 shares in the last quarter. Mariner LLC boosted its stake in Clean Energy Fuels by 43.9% in the 4th quarter. Mariner LLC now owns 16,641 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 5,075 shares during the period. BNP Paribas Financial Markets boosted its stake in Clean Energy Fuels by 54.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 5,254 shares during the period. Finally, Rhumbline Advisers grew its holdings in Clean Energy Fuels by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 270,664 shares of the utilities provider’s stock valued at $528,000 after buying an additional 5,933 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Friday, July 17th. UBS Group cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.75 price objective for the company. in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $2.48.
Clean Energy Fuels Trading Up 2.1%
Shares of CLNE stock opened at $1.93 on Friday. The company has a market capitalization of $425.03 million, a PE ratio of -4.20 and a beta of 1.82. Clean Energy Fuels Corp. has a 52-week low of $1.66 and a 52-week high of $3.11. The business’s fifty day moving average is $2.03 and its 200 day moving average is $2.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.14 and a current ratio of 2.46.
Clean Energy Fuels (NASDAQ:CLNE – Get Free Report) last posted its earnings results on Thursday, May 7th. The utilities provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $117.56 million during the quarter, compared to analysts’ expectations of $102.62 million. Clean Energy Fuels had a negative return on equity of 14.04% and a negative net margin of 22.68%.The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. On average, equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.31 EPS for the current fiscal year.
Insider Activity
In other news, Director Andrew J. Littlefair sold 165,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $2.05, for a total transaction of $338,250.00. Following the completion of the transaction, the director owned 1,914,993 shares of the company’s stock, valued at approximately $3,925,735.65. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.12% of the company’s stock.
Clean Energy Fuels Company Profile
Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.
In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.
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