Nuveen Asset Management LLC Grows Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Nuveen Asset Management LLC lifted its position in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 32.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 648,306 shares of the utilities provider's stock after purchasing an additional 157,378 shares during the quarter. Nuveen Asset Management LLC owned about 0.29% of Clean Energy Fuels worth $1,627,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CLNE. Coppell Advisory Solutions LLC grew its holdings in shares of Clean Energy Fuels by 1,635.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider's stock valued at $1,829,000 after purchasing an additional 692,318 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of 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 purchasing an additional 450,143 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Clean Energy Fuels in the fourth quarter valued at about $870,000. Millennium Management LLC grew its holdings in shares of Clean Energy Fuels by 41.2% in the fourth quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider's stock valued at $2,886,000 after purchasing an additional 335,694 shares during the period. Finally, Natixis purchased a new stake in shares of Clean Energy Fuels in the fourth quarter valued at about $821,000. Hedge funds and other institutional investors own 49.94% of the company's stock.

Clean Energy Fuels Stock Up 2.2%

Shares of CLNE traded up $0.04 during mid-day trading on Friday, hitting $1.82. 1,677,611 shares of the company's stock were exchanged, compared to its average volume of 2,169,397. The company has a market cap of $402.19 million, a price-to-earnings ratio of -5.87 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. The stock's 50-day moving average is $1.63 and its 200-day moving average is $2.27.

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 (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.21. The business had revenue of $103.76 million for the quarter, compared to analysts' expectations of $96.61 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. On average, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CLNE. Scotiabank decreased their target price on shares of 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 decreased their target price on shares of 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. UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the company a "buy" rating in a research report on Sunday, April 13th. Raymond James reaffirmed a "strong-buy" rating and issued 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 research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.