D. E. Shaw & Co. Inc. Increases Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

D. E. Shaw & Co. Inc. boosted its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 56.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,241,708 shares of the utilities provider's stock after purchasing an additional 450,143 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.56% of Clean Energy Fuels worth $3,117,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Two Sigma Securities LLC acquired a new stake in Clean Energy Fuels in the fourth quarter valued at about $31,000. Balyasny Asset Management L.P. bought a new stake in shares of Clean Energy Fuels during the 4th quarter valued at approximately $31,000. Tower Research Capital LLC TRC grew its holdings in shares of Clean Energy Fuels by 56.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 4,894 shares during the last quarter. Cibc World Markets Corp acquired a new position in Clean Energy Fuels during the 4th quarter worth approximately $40,000. Finally, Versor Investments LP bought a new position in Clean Energy Fuels in the 4th quarter valued at approximately $45,000. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Stock Performance

Shares of CLNE traded up $0.01 during mid-day trading on Friday, hitting $1.87. The stock had a trading volume of 3,140,687 shares, compared to its average volume of 2,135,591. The business has a fifty day moving average price of $1.60 and a 200-day moving average price of $2.34. Clean Energy Fuels Corp. has a 52 week low of $1.30 and a 52 week high of $3.67. The firm has a market cap of $413.24 million, a P/E ratio of -6.03 and a beta of 2.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.21. The firm had revenue of $103.76 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned ($0.01) earnings per share. On average, equities research analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CLNE shares. 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 cut Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. Scotiabank decreased their target price on 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. Raymond James restated a "strong-buy" rating and set a $4.00 price objective (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. Finally, Lake Street Capital dropped their target price on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Clean Energy Fuels currently has an average rating of "Moderate Buy" and an average price target of $3.75.

Insider Activity

In other news, CFO Robert M. Vreeland acquired 15,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders purchased 35,000 shares of company stock valued at $64,100. Insiders own 4.30% of the company's stock.

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.