Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,455,351 shares of the utilities provider’s stock after purchasing an additional 12,169 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Clean Energy Fuels were worth $3,653,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Point72 DIFC Ltd acquired a new position in Clean Energy Fuels during the third quarter worth $41,000. Zacks Investment Management acquired a new position in shares of Clean Energy Fuels during the 3rd quarter worth $42,000. Versor Investments LP purchased a new position in shares of Clean Energy Fuels in the 4th quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Clean Energy Fuels by 235.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 12,929 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new stake in Clean Energy Fuels during the third quarter worth about $66,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Robert M. Vreeland acquired 15,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $1.94 per share, with a total value of $29,100.00. Following the purchase, the chief financial officer now directly owns 458,800 shares of the company’s stock, valued at approximately $890,072. This 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 this link. In the last ninety days, insiders have acquired 35,000 shares of company stock valued at $64,100. Insiders own 3.60% of the company’s stock.

Clean Energy Fuels Trading Down 5.4 %

Clean Energy Fuels stock opened at $1.57 on Thursday. The stock has a market cap of $351.06 million, a PE ratio of -5.06 and a beta of 2.35. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $2.55 and a 200 day moving average price of $2.76. Clean Energy Fuels Corp. has a 52 week low of $1.55 and a 52 week high of $3.67.

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

Analyst Ratings Changes

A number of research firms have commented on CLNE. Raymond James reiterated a “strong-buy” rating and set a $4.00 target price (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. StockNews.com downgraded shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th.

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.