Deutsche Bank AG Has $912,000 Stock Holdings in Clean Energy Fuels Corp. $CLNE

Key Points

• Deutsche Bank AG increased its position in Clean Energy Fuels Corp. by 60.7% during the first quarter, owning 588,146 shares valued at approximately $912,000.
• Other institutional investors, including Universal Beteiligungs und Servicegesellschaft mbH and D. E. Shaw & Co. Inc., also significantly boosted their stakes in Clean Energy Fuels, highlighting growing institutional interest in the company.
• Clean Energy Fuels reported a revenue increase of 4.8% year-over-year for the recent quarter, with a revenue of $102.61 million, surpassing the consensus estimate of $94.73 million.

Deutsche Bank AG boosted its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 60.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 588,146 shares of the utilities provider's stock after acquiring an additional 222,061 shares during the period. Deutsche Bank AG owned 0.26% of Clean Energy Fuels worth $912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLNE. Two Sigma Securities LLC acquired a new position in Clean Energy Fuels during the 4th quarter worth $31,000. Balyasny Asset Management L.P. acquired a new position in Clean Energy Fuels during the 4th quarter worth $31,000. Tower Research Capital LLC TRC lifted its position in 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 worth $34,000 after acquiring an additional 4,894 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Clean Energy Fuels during the 1st quarter worth $38,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Clean Energy Fuels during the 1st quarter worth $51,000. Institutional investors and hedge funds own 49.94% of the company's stock.

Clean Energy Fuels Stock Performance

Shares of CLNE traded down $0.01 during trading hours on Friday, reaching $2.63. 1,336,539 shares of the company traded hands, compared to its average volume of 2,086,333. The stock's fifty day moving average is $2.18 and its 200 day moving average is $1.95. The stock has a market cap of $576.73 million, a P/E ratio of -2.92 and a beta of 2.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.51 and a current ratio of 2.83. 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 quarterly earnings data on Thursday, August 7th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. The business had revenue of $102.61 million during the quarter, compared to analyst estimates of $94.73 million. Clean Energy Fuels had a negative net margin of 48.40% and a negative return on equity of 27.98%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. Equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLNE has been the subject of a number of research analyst reports. Jefferies Financial Group lowered shares of Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 target price for the company. in a research report on Friday, August 8th. UBS Group reaffirmed a "buy" rating and set a $2.75 price objective (up previously from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. Finally, Lake Street Capital cut their price objective on shares of Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Clean Energy Fuels presently has a consensus rating of "Buy" and an average target price of $3.59.

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.