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

Adage Capital Partners GP L.L.C. bought a new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Clean Energy Fuels by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider's stock valued at $23,840,000 after purchasing an additional 124,031 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Clean Energy Fuels by 3.4% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider's stock worth $18,555,000 after buying an additional 246,500 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 126,760 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Clean Energy Fuels by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider's stock worth $3,653,000 after purchasing an additional 12,169 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Clean Energy Fuels by 41.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,029,482 shares of the utilities provider's stock worth $2,584,000 after purchasing an additional 299,264 shares during the period. Institutional investors own 49.94% of the company's stock.

Clean Energy Fuels Trading Down 1.0 %

Shares of NASDAQ CLNE traded down $0.02 during mid-day trading on Monday, hitting $1.53. The stock had a trading volume of 265,201 shares, compared to its average volume of 2,023,197. The firm has a market cap of $341.55 million, a P/E ratio of -4.92 and a beta of 2.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The business has a 50 day moving average price of $1.61 and a two-hundred day moving average price of $2.45. Clean Energy Fuels Corp. has a 1 year low of $1.30 and a 1 year high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its earnings results on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, equities analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Scotiabank reduced their target price on shares of Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the stock a "buy" rating in a research report on Sunday, April 13th. StockNews.com downgraded shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th. Finally, Raymond James restated a "strong-buy" rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th.

Insider Activity

In other Clean Energy Fuels news, CFO Robert M. Vreeland bought 15,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the acquisition, the chief financial officer now owns 458,800 shares in the company, valued at approximately $890,072. This represents a 3.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 35,000 shares of company stock worth $64,100 in the last quarter. 4.30% of the stock is owned by company insiders.

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.