Nuveen Asset Management LLC Raises Stock Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Nuveen Asset Management LLC raised its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 648,306 shares of the utilities provider’s stock after buying an additional 157,378 shares during the quarter. Nuveen Asset Management LLC owned about 0.29% of Clean Energy Fuels worth $1,627,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CLNE. Coppell Advisory Solutions LLC lifted its position in Clean Energy Fuels by 1,635.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider’s stock valued at $1,829,000 after buying an additional 692,318 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Clean Energy Fuels by 56.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock valued at $3,117,000 after acquiring an additional 450,143 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Clean Energy Fuels during the fourth quarter worth about $870,000. Millennium Management LLC boosted its stake in shares of Clean Energy Fuels by 41.2% during the fourth quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock worth $2,886,000 after buying an additional 335,694 shares during the period. Finally, Natixis purchased a new stake in shares of Clean Energy Fuels in the fourth quarter valued at about $821,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CLNE shares. UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the company a “buy” rating in a research note on Sunday, April 13th. Wall Street Zen downgraded shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Lake Street Capital cut their target price on shares of Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. 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 note on Friday, April 11th. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Clean Energy Fuels presently has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Clean Energy Fuels Stock Up 9.4%

CLNE stock opened at $1.87 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67. The firm’s 50-day simple moving average is $1.62 and its 200 day simple moving average is $2.29. The stock has a market cap of $413.24 million, a PE ratio of -6.03 and a beta of 2.57.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.21. The company had revenue of $103.76 million for 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 business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. As a group, sell-side analysts predict that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

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.