Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Acquired by Millennium Management LLC

Millennium Management LLC boosted its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 41.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,149,914 shares of the utilities provider's stock after buying an additional 335,694 shares during the quarter. Millennium Management LLC owned approximately 0.51% of Clean Energy Fuels worth $2,886,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in 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 worth $23,840,000 after purchasing an additional 124,031 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake 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 acquiring an additional 246,500 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Clean Energy Fuels by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider's stock valued at $3,653,000 after acquiring an additional 12,169 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Clean Energy Fuels by 56.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider's stock valued at $3,117,000 after acquiring an additional 450,143 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Clean Energy Fuels by 41.0% in the fourth 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 last quarter. Hedge funds and other institutional investors own 49.94% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Scotiabank decreased their price objective on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Lake Street Capital dropped their price target on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the company a "buy" rating in a research report on Sunday, April 13th. Raymond James reissued a "strong-buy" rating and set a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. Finally, Wall Street Zen cut shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th. One 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $3.75.

Clean Energy Fuels Stock Performance

Shares of CLNE traded down $0.03 during trading hours on Wednesday, hitting $1.85. The stock had a trading volume of 545,927 shares, compared to its average volume of 2,871,992. The firm has a 50-day moving average price of $1.62 and a 200 day moving average price of $2.29. The firm has a market capitalization of $407.71 million, a price-to-earnings ratio of -5.95 and a beta of 2.57. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67. 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 issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.21. 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 $103.76 million for the quarter, compared to analyst estimates of $96.61 million. During the same period last year, the company earned ($0.01) earnings per share. Clean Energy Fuels's quarterly revenue was up .1% compared to the same quarter last year. As a group, research 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.