Deutsche Bank AG Grows Stock Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Deutsche Bank AG lifted its position in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 226.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,085 shares of the utilities provider's stock after purchasing an additional 253,842 shares during the quarter. Deutsche Bank AG owned 0.16% of Clean Energy Fuels worth $919,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CLNE. Coppell Advisory Solutions LLC raised its stake in Clean Energy Fuels by 1,635.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider's stock worth $1,829,000 after acquiring an additional 692,318 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Clean Energy Fuels by 56.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider's stock worth $3,117,000 after buying an additional 450,143 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Clean Energy Fuels during the 4th quarter valued at about $870,000. Natixis acquired a new stake in Clean Energy Fuels in the 4th quarter valued at approximately $821,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in Clean Energy Fuels in the fourth quarter valued at approximately $753,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CLNE shares. Scotiabank reduced their price target on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. 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. UBS Group set a $2.00 target price on Clean Energy Fuels and gave the company a "buy" rating in a research report on Sunday, April 13th. Wall Street Zen downgraded Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Finally, Lake Street Capital lowered their price target on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $3.75.

Clean Energy Fuels Price Performance

CLNE traded down $0.03 on Friday, reaching $1.81. The stock had a trading volume of 7,132,741 shares, compared to its average volume of 2,147,747. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67. The firm has a 50-day moving average of $1.61 and a 200-day moving average of $2.30. 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 company has a market capitalization of $399.98 million, a price-to-earnings ratio of -5.84 and a beta of 2.57.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.21. The company had revenue of $103.76 million during the quarter, compared to analysts' expectations of $96.61 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. As a group, sell-side 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.