Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 49.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,076 shares of the utilities provider’s stock after acquiring an additional 15,819 shares during the quarter. ProShare Advisors LLC’s holdings in Clean Energy Fuels were worth $121,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. IMC Chicago LLC increased 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 in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Clean Energy Fuels in the fourth quarter valued at about $63,000. Rhumbline Advisers raised its stake 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 worth $700,000 after purchasing an additional 8,731 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Clean Energy Fuels by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 516,302 shares of the utilities provider’s stock worth $1,296,000 after purchasing an additional 5,485 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Clean Energy Fuels during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

NASDAQ:CLNE opened at $1.71 on Tuesday. 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 company has a 50 day moving average price of $1.62 and a 200-day moving average price of $2.29. Clean Energy Fuels Corp. has a 1-year low of $1.30 and a 1-year high of $3.67. The firm has a market cap of $377.88 million, a price-to-earnings ratio of -5.52 and a beta of 2.57.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.21. The company had revenue of $103.76 million during the quarter, compared to analysts’ expectations of $96.61 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) earnings per share. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James reiterated a “strong-buy” rating and issued a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the stock a “buy” rating in a research note on Sunday, April 13th. Lake Street Capital decreased their target price on shares of Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Wall Street Zen lowered shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Finally, Scotiabank reduced their price objective on Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

Clean Energy Fuels 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.