Wellington Management Group LLP Increases Stake in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Wellington Management Group LLP boosted its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,670 shares of the utilities provider’s stock after purchasing an additional 12,628 shares during the period. Wellington Management Group LLP’s holdings in Clean Energy Fuels were worth $258,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Barclays PLC lifted its stake in shares of Clean Energy Fuels by 252.1% during the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock worth $828,000 after buying an additional 190,520 shares during the period. JPMorgan Chase & Co. lifted its position in Clean Energy Fuels by 309.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock worth $2,271,000 after acquiring an additional 551,896 shares during the period. IMC Chicago LLC grew its stake in Clean Energy Fuels by 7.4% during the 4th quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 9,021 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Clean Energy Fuels by 3.2% in the fourth quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider’s stock valued at $700,000 after purchasing an additional 8,731 shares during the period. Finally, BNP Paribas Financial Markets raised 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 worth $116,000 after purchasing an additional 23,301 shares during the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Trading Down 6.0 %

Clean Energy Fuels stock opened at $1.40 on Tuesday. 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 firm has a market cap of $313.55 million, a PE ratio of -4.52 and a beta of 2.48. The stock’s 50 day simple moving average is $2.06 and its two-hundred day simple moving average is $2.60. Clean Energy Fuels Corp. has a 12 month low of $1.30 and a 12 month high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings results on Monday, February 24th. 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 firm had revenue of $109.33 million for the quarter, compared to the consensus estimate of $102.60 million. During the same period in the prior year, the firm posted $0.01 earnings per share. Analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLNE. Raymond James reiterated a “strong-buy” rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. StockNews.com lowered shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Finally, Scotiabank decreased 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 research report on Friday.

Insider Activity

In other Clean Energy Fuels news, CFO Robert M. Vreeland purchased 15,000 shares of Clean Energy Fuels stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $1.94 per share, with a total value of $29,100.00. Following the acquisition, the chief financial officer now owns 458,800 shares of the company’s stock, valued at $890,072. This trade represents a 3.38 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 35,000 shares of company stock worth $64,100 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Clean Energy Fuels Company 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.