2 weeks Ago By Defense World Staff
Geode Capital Management LLC trimmed its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Free Report) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 4,194,220 shares of the utilities provider’s stock after selling 8,997 shares during the quarter. Geode Capital Management LLC owned approximately 1.88% of Clean Energy Fuels worth $10,530,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CLNE. Cibc World Markets Corp acquired a new position in Clean Energy Fuels during the fourth quarter worth $40,000. Versor Investments LP purchased a new stake in shares of Clean Energy Fuels during the fourth quarter worth about $45,000.
Grassi Investment Management raised its position in shares of Clean Energy Fuels by 74.1% during the 4th quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 10,000 shares during the last quarter.
Golden State Wealth Management LLC acquired a new position in shares of Clean Energy Fuels during the 4th quarter worth about $63,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Clean Energy Fuels in the 4th quarter valued at about $75,000. Hedge funds and other institutional investors own 49.
94% of the company’s stock. Clean Energy Fuels Trading Up 6.0 %Shares of Clean Energy Fuels stock opened at $1.
42 on Wednesday. Clean Energy Fuels Corp. has a 1-year low of $1.
30 and a 1-year high of $3.67. The company has a debt-to-equity ratio of 0.
36, a current ratio of 3.06 and a quick ratio of 2.74.
The stock has a market cap of $318.03 million, a P/E ratio of -4.58 and a beta of 2.
48. The stock’s 50 day simple moving average is $1.83 and its 200-day simple moving average is $2.
54. Clean Energy Fuels (NASDAQ:CLNE – Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.
02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04.
Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%.
The company had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million.
During the same quarter in the previous year, the company posted $0.01 earnings per share. Analysts predict that Clean Energy Fuels Corp.
will post -0.33 EPS for the current fiscal year. Wall Street Analysts Forecast GrowthSeveral research firms have commented on CLNE.
Raymond James reiterated a “strong-buy” rating and set a $4.00 price objective (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th.
StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. UBS Group set a $2.
00 price objective on Clean Energy Fuels and gave the company a “buy” rating in a report on Sunday, April 13th. Finally, Scotiabank dropped their target price on shares of Clean Energy Fuels from $6.00 to $4.
00 and set a “sector outperform” rating for the company in a report on Friday, April 11th.Get Our Latest Report on CLNEInsider Activity at Clean Energy FuelsIn other news, CFO Robert M. Vreeland purchased 15,000 shares of Clean Energy Fuels stock in a transaction dated Wednesday, February 26th.
The shares were purchased at an average price of $1.94 per share, with a total value of $29,100.00.
Following the transaction, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. This represents a 3.38 % increase in their ownership of the stock.
The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders bought 35,000 shares of company stock valued at $64,100. 3.
60% of the stock is owned by company insiders. About Clean Energy Fuels (Free Report)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.Featured ArticlesFive stocks we like better than Clean Energy FuelsWhat Are Trending Stocks? Trending Stocks ExplainedHow to Invest in Micro-Cap Stocks Like a ProRussell 2000 Index, How Investors Use it For Profitable TradingInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? Why is the Ex-Dividend Date Significant to Investors?Take-Two Interactive: A Defensive Play Set to Explode.
