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

Nuveen Asset Management LLC boosted its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 and other institutional investors have also bought and sold shares of CLNE. IMC Chicago LLC raised its stake in Clean Energy Fuels by 7.4% in the fourth quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider's stock valued at $329,000 after purchasing an additional 9,021 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Clean Energy Fuels during the fourth quarter worth about $63,000. Rhumbline Advisers raised its stake 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 acquiring an additional 8,731 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 acquiring an additional 5,485 shares in the last quarter. Finally, Versor Investments LP acquired a new position in Clean Energy Fuels during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 49.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Scotiabank lowered 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 note on Friday, April 11th. Lake Street Capital reduced 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. Wall Street Zen cut Clean Energy Fuels from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th. UBS Group set a $2.00 target price on Clean Energy Fuels and gave the stock a "buy" rating in a report on Sunday, April 13th. Finally, Raymond James restated a "strong-buy" rating and set a $4.00 price objective (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. 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 stock. Based on data from MarketBeat, Clean Energy Fuels presently has a consensus rating of "Moderate Buy" and an average price target of $3.75.

Clean Energy Fuels Price Performance

Shares of Clean Energy Fuels stock remained flat at $1.78 during trading hours on Thursday. The stock had a trading volume of 2,693,287 shares, compared to its average volume of 2,164,734. Clean Energy Fuels Corp. has a 1 year low of $1.30 and a 1 year high of $3.67. The stock has a market capitalization of $393.35 million, a PE ratio of -5.74 and a beta of 2.57. The stock's 50-day moving average is $1.62 and its two-hundred day moving average is $2.28. 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 announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $96.61 million. During the same quarter last year, the firm posted ($0.01) EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. On average, analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

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.