MetLife Investment Management LLC Has $239,000 Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

MetLife Investment Management LLC decreased its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 22.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,782 shares of the utilities provider’s stock after selling 22,590 shares during the quarter. MetLife Investment Management LLC’s holdings in Clean Energy Fuels were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLNE. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Clean Energy Fuels by 8.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 257,142 shares of the utilities provider’s stock worth $800,000 after acquiring an additional 20,893 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Clean Energy Fuels by 167.4% in the third quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider’s stock valued at $116,000 after buying an additional 23,301 shares during the period. FMR LLC grew its position in Clean Energy Fuels by 14.8% during the third quarter. FMR LLC now owns 53,546 shares of the utilities provider’s stock worth $167,000 after buying an additional 6,884 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Clean Energy Fuels by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,443,182 shares of the utilities provider’s stock valued at $4,488,000 after acquiring an additional 15,737 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Clean Energy Fuels in the 3rd quarter valued at approximately $124,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

Shares of Clean Energy Fuels stock opened at $2.77 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 price is $2.91 and its two-hundred day moving average price is $2.85. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $618.98 million, a price-to-earnings ratio of -8.94 and a beta of 2.14.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 EPS 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 $104.90 million for the quarter, compared to analyst estimates of $100.64 million. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CLNE. StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Friday. Scotiabank upped their target price on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Energy Fuels currently has a consensus rating of “Moderate Buy” and an average target price of $5.38.

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.