Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 226.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 366,085 shares of the utilities provider's stock after acquiring an additional 253,842 shares during the period. Deutsche Bank AG owned approximately 0.16% of Clean Energy Fuels worth $919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Inspire Investing LLC boosted its position in Clean Energy Fuels by 20.0% during the fourth quarter. Inspire Investing LLC now owns 158,531 shares of the utilities provider's stock worth $398,000 after purchasing an additional 26,428 shares in the last quarter. IMC Chicago LLC boosted its position in Clean Energy Fuels by 7.4% during the fourth quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider's stock worth $329,000 after purchasing an additional 9,021 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Clean Energy Fuels during the fourth quarter worth $63,000. Rhumbline Advisers boosted its position in Clean Energy Fuels by 3.2% during the fourth quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider's stock worth $700,000 after purchasing an additional 8,731 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Clean Energy Fuels by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 516,302 shares of the utilities provider's stock worth $1,296,000 after purchasing an additional 5,485 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company's stock.

Clean Energy Fuels Trading Down 1.4%

NASDAQ CLNE traded down $0.03 during trading hours on Friday, hitting $1.82. 1,916,026 shares of the company's stock were exchanged, compared to its average volume of 2,140,963. The business's 50 day moving average is $1.61 and its 200-day moving average is $2.31. Clean Energy Fuels Corp. has a 12-month low of $1.30 and a 12-month high of $3.67. The firm has a market capitalization of $401.08 million, a P/E ratio of -5.85 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.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.21. The firm had revenue of $103.76 million for the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share. As a group, analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CLNE. UBS Group set a $2.00 price objective on Clean Energy Fuels and gave the company a "buy" rating in a research report on Sunday, April 13th. Scotiabank reduced 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. Lake Street Capital reduced their price objective on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wall Street Zen downgraded Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Finally, Raymond James restated a "strong-buy" rating and issued a $4.00 price objective (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $3.75.

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.