Franklin Resources Inc. Has $37,000 Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Franklin Resources Inc. decreased its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 31.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,792 shares of the utilities provider’s stock after selling 5,991 shares during the period. Franklin Resources Inc.’s holdings in Clean Energy Fuels were worth $37,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of Clean Energy Fuels by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider’s stock valued at $187,000 after buying an additional 6,637 shares during the last quarter. FMR LLC lifted its stake in Clean Energy Fuels by 14.8% during the 3rd quarter. FMR LLC now owns 53,546 shares of the utilities provider’s stock valued at $167,000 after acquiring an additional 6,884 shares in the last quarter. Rhumbline Advisers boosted its holdings in Clean Energy Fuels by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider’s stock worth $782,000 after acquiring an additional 6,989 shares during the last quarter. Eastern Bank bought a new stake in shares of Clean Energy Fuels in the 3rd quarter worth $31,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Clean Energy Fuels by 21.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,841 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 11,534 shares during the last quarter. 49.94% of the stock is owned by institutional investors.

Clean Energy Fuels Trading Up 4.8 %

Shares of Clean Energy Fuels stock opened at $2.63 on Friday. The stock has a fifty day moving average price of $2.80 and a 200-day moving average price of $2.82. 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 firm has a market cap of $587.69 million, a PE ratio of -8.48 and a beta of 2.14. Clean Energy Fuels Corp. has a 1 year low of $2.17 and a 1 year high of $3.74.

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

Analyst Ratings Changes

Separately, StockNews.com raised shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $5.38.

Clean Energy Fuels Company 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.