Stifel Financial Corp Acquires 88,860 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Stifel Financial Corp boosted its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 32.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,502 shares of the utilities provider’s stock after acquiring an additional 88,860 shares during the quarter. Stifel Financial Corp’s holdings in Clean Energy Fuels were worth $1,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in Clean Energy Fuels by 11.6% during the second quarter. Bank of New York Mellon Corp now owns 642,202 shares of the utilities provider’s stock worth $1,715,000 after buying an additional 66,523 shares during the last quarter. Rhumbline Advisers grew its stake in Clean Energy Fuels by 2.4% during the second quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider’s stock worth $782,000 after buying an additional 6,989 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Clean Energy Fuels during the second quarter worth about $317,000. SIR Capital Management L.P. grew its stake in Clean Energy Fuels by 9.8% during the second quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock worth $7,381,000 after buying an additional 246,600 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Clean Energy Fuels by 14.3% during the second quarter. American Century Companies Inc. now owns 263,142 shares of the utilities provider’s stock worth $703,000 after buying an additional 32,897 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Scotiabank upped their price objective on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Energy Fuels presently has a consensus rating of “Moderate Buy” and an average target price of $5.38.

Clean Energy Fuels Price Performance

Shares of CLNE stock opened at $2.56 on Monday. Clean Energy Fuels Corp. has a 1 year low of $2.17 and a 1 year high of $4.13. The firm’s 50 day moving average is $2.86 and its 200-day moving average is $2.84. The firm has a market capitalization of $572.05 million, a price-to-earnings ratio of -8.26 and a beta of 2.14. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned ($0.12) earnings per share. Clean Energy Fuels’s quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

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.