75,747 Shares in Clean Energy Fuels Corp. (NASDAQ:CLNE) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 75,747 shares of the utilities provider’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLNE. Vanguard Group Inc. increased its holdings in shares of 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. Global Alpha Capital Management Ltd. increased its position 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 valued at $22,224,000 after acquiring an additional 102,400 shares during the period. SIR Capital Management L.P. increased its position in Clean Energy Fuels by 9.8% in the 2nd quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock valued at $7,381,000 after acquiring an additional 246,600 shares during the period. Bank of New York Mellon Corp raised its stake in Clean Energy Fuels by 11.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 642,202 shares of the utilities provider’s stock valued at $1,715,000 after acquiring an additional 66,523 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in Clean Energy Fuels by 6.8% during the 2nd quarter. Clearbridge Investments LLC now owns 462,022 shares of the utilities provider’s stock worth $1,234,000 after acquiring an additional 29,400 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Stock Performance

NASDAQ:CLNE opened at $3.08 on Monday. 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 Corp. has a fifty-two week low of $2.17 and a fifty-two week high of $4.13. The firm’s fifty day simple moving average is $2.93 and its 200-day simple moving average is $2.84. The stock has a market cap of $688.26 million, a PE ratio of -9.94 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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $100.64 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted ($0.12) earnings per share. Analysts expect that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on CLNE. StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Scotiabank raised 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 research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Energy Fuels presently has a consensus rating of “Buy” and an average target price of $5.38.

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.