Adage Capital Partners GP L.L.C. Acquires New Stake in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Adage Capital Partners GP L.L.C. acquired a new position in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 300,000 shares of the utilities provider's stock, valued at approximately $753,000. Adage Capital Partners GP L.L.C. owned approximately 0.13% of Clean Energy Fuels as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its position in Clean Energy Fuels by 252.1% during the 3rd quarter. Barclays PLC now owns 266,104 shares of the utilities provider's stock worth $828,000 after buying an additional 190,520 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Clean Energy Fuels by 3.1% during the third quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider's stock worth $13,075,000 after purchasing an additional 126,760 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Clean Energy Fuels by 309.5% during the third quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider's stock worth $2,271,000 after purchasing an additional 551,896 shares in the last quarter. Grassi Investment Management grew its stake in shares of Clean Energy Fuels by 74.1% during the fourth quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Clean Energy Fuels by 20.0% in the fourth quarter. Inspire Investing LLC now owns 158,531 shares of the utilities provider's stock valued at $398,000 after purchasing an additional 26,428 shares in the last quarter. Institutional investors own 49.94% of the company's stock.

Insider Buying and Selling

In other Clean Energy Fuels news, CFO Robert M. Vreeland purchased 15,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $1.94 per share, for a total transaction of $29,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 458,800 shares of the company's stock, valued at $890,072. The trade was a 3.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have acquired 35,000 shares of company stock valued at $64,100. 4.30% of the stock is owned by company insiders.

Clean Energy Fuels Trading Up 4.1 %

CLNE traded up $0.06 during midday trading on Friday, reaching $1.54. 2,556,442 shares of the company were exchanged, compared to its average volume of 2,025,406. The stock has a market capitalization of $344.90 million, a P/E ratio of -4.97 and a beta of 2.48. Clean Energy Fuels Corp. has a one year low of $1.30 and a one year high of $3.67. The stock's 50-day simple moving average is $1.61 and its 200 day simple moving average is $2.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The business had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same quarter last year, the firm earned $0.01 EPS. As a group, analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Scotiabank decreased their price objective on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. StockNews.com lowered Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Raymond James restated 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. Finally, UBS Group set a $2.00 price target on shares of Clean Energy Fuels and gave the stock a "buy" rating in a research report on Sunday, April 13th.

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.