Healthcare of Ontario Pension Plan Trust Fund Acquires 20,893 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 8.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 257,142 shares of the utilities provider’s stock after acquiring an additional 20,893 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Clean Energy Fuels were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Eastern Bank bought a new stake in Clean Energy Fuels during the third quarter valued at about $31,000. Tidal Investments LLC bought a new position in shares of Clean Energy Fuels in the first quarter worth approximately $33,000. DRW Securities LLC purchased a new stake in shares of Clean Energy Fuels in the second quarter worth $38,000. Algert Global LLC bought a new stake in shares of Clean Energy Fuels during the 2nd quarter valued at $45,000. Finally, MQS Management LLC purchased a new position in shares of Clean Energy Fuels during the 3rd quarter valued at $72,000. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Price Performance

NASDAQ:CLNE opened at $3.02 on Tuesday. The business’s 50-day moving average is $2.93 and its 200 day moving average is $2.84. Clean Energy Fuels Corp. has a 12 month low of $2.17 and a 12 month high of $4.13. The company has a market capitalization of $674.85 million, a P/E ratio of -9.74 and a beta of 2.12. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com upgraded Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Scotiabank boosted their price target on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target 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.