Clean Energy Fuels Corp. (NASDAQ:CLNE) Stock Holdings Trimmed by Amundi

Amundi reduced its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,063 shares of the utilities provider’s stock after selling 6,369 shares during the quarter. Amundi’s holdings in Clean Energy Fuels were worth $266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLNE. Point72 DIFC Ltd bought a new stake in Clean Energy Fuels in the third quarter valued at about $41,000. Zacks Investment Management bought a new stake in Clean Energy Fuels in the third quarter valued at about $42,000. Versor Investments LP bought a new stake in Clean Energy Fuels in the fourth quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Clean Energy Fuels by 235.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock valued at $57,000 after buying an additional 12,929 shares during the last quarter. Finally, Grassi Investment Management boosted its stake in Clean Energy Fuels by 74.1% in the fourth quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 10,000 shares during the period. 49.94% of the stock is owned by institutional investors.

Insider Transactions at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland acquired 15,000 shares of Clean Energy Fuels stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $1.94 per share, for a total transaction of $29,100.00. Following the completion of the transaction, the chief financial officer now owns 458,800 shares in the company, valued at approximately $890,072. This represents a 3.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CLNE. StockNews.com downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Raymond James restated a “strong-buy” rating and issued a $4.00 target price (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $1.67 on Friday. 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 business has a 50 day moving average of $2.62 and a two-hundred day moving average of $2.78. Clean Energy Fuels Corp. has a 52 week low of $1.62 and a 52 week high of $3.67. The company has a market cap of $373.42 million, a P/E ratio of -5.39 and a beta of 2.35.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. During the same period in the previous year, the firm posted $0.01 earnings per share. As a group, analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

About Clean Energy Fuels

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.