Charles Schwab Investment Management Inc. Buys 15,737 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Charles Schwab Investment Management Inc. grew its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,443,182 shares of the utilities provider’s stock after purchasing an additional 15,737 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Clean Energy Fuels were worth $4,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eastern Bank bought a new stake in shares of Clean Energy Fuels in the third quarter valued at approximately $31,000. DRW Securities LLC purchased a new position in Clean Energy Fuels in the 2nd quarter worth approximately $38,000. Algert Global LLC purchased a new stake in shares of Clean Energy Fuels in the 2nd quarter valued at $45,000. MQS Management LLC purchased a new stake in shares of Clean Energy Fuels in the 3rd quarter valued at $72,000. Finally, Sei Investments Co. purchased a new stake in shares of Clean Energy Fuels in the 2nd quarter valued at $74,000. Institutional investors own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

CLNE has been the subject of several analyst reports. StockNews.com cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Scotiabank increased their price target on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

Clean Energy Fuels Stock Performance

Shares of NASDAQ CLNE opened at $2.77 on Friday. The firm’s 50-day moving average price is $2.89 and its 200-day moving average price is $2.85. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The company has a market cap of $618.98 million, a PE ratio of -8.94 and a beta of 2.14. Clean Energy Fuels Corp. has a 52-week low of $2.17 and a 52-week high of $4.13.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $104.90 million for the quarter, compared to the consensus estimate of $100.64 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 was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) earnings per share. As a group, analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

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.