LPL Financial LLC Has $256,000 Stake in Clean Energy Fuels Corp. (NASDAQ:CLNE)

LPL Financial LLC decreased its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 11.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,087 shares of the utilities provider’s stock after selling 13,186 shares during the quarter. LPL Financial LLC’s holdings in Clean Energy Fuels were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CLNE. Cibc World Markets Corp acquired a new stake in Clean Energy Fuels in the 4th quarter worth about $40,000. Versor Investments LP acquired a new stake in Clean Energy Fuels in the 4th quarter worth about $45,000. Grassi Investment Management raised its stake in Clean Energy Fuels by 74.1% in 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 in the last quarter. Golden State Wealth Management LLC acquired a new stake in Clean Energy Fuels in the 4th quarter worth about $63,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Clean Energy Fuels in the 4th quarter worth about $75,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. 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 research report on Friday, April 11th. UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the company a “buy” rating in a research report on Sunday, April 13th. 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 report on Tuesday, February 25th. Finally, StockNews.com cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

Clean Energy Fuels Price Performance

CLNE stock opened at $1.48 on Tuesday. The company has a 50 day simple moving average of $1.70 and a 200 day simple moving average of $2.49. The stock has a market cap of $331.47 million, a price-to-earnings ratio of -4.77 and a beta of 2.48. 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.

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

Insider Buying and Selling

In related news, CFO Robert M. Vreeland bought 15,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $1.94 per share, with a total value of $29,100.00. Following the transaction, the chief financial officer now directly owns 458,800 shares in the company, valued at approximately $890,072. This trade represents a 3.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 35,000 shares of company stock valued at $64,100 in the last three months. Insiders own 4.30% of the company’s stock.

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.