Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,029,482 shares of the utilities provider's stock after purchasing an additional 299,264 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.46% of Clean Energy Fuels worth $2,584,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Global Alpha Capital Management Ltd. lifted its holdings in 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 buying an additional 246,500 shares during the last quarter. State Street Corp grew its position in shares of Clean Energy Fuels by 0.5% in the 3rd quarter. State Street Corp now owns 5,923,358 shares of the utilities provider's stock worth $18,422,000 after acquiring an additional 31,602 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Clean Energy Fuels by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider's stock worth $13,075,000 after acquiring an additional 126,760 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Clean Energy Fuels by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider's stock worth $3,653,000 after acquiring an additional 12,169 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Clean Energy Fuels by 1.1% in the 4th 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. Institutional investors own 49.94% of the company's stock.

Insider Transactions at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland purchased 15,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $1.94 per share, with a total value of $29,100.00. Following the completion of the purchase, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. This trade represents a 3.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders acquired 35,000 shares of company stock valued at $64,100. 4.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on CLNE shares. UBS Group set a $2.00 target price on Clean Energy Fuels and gave the stock a "buy" rating in a research report on Sunday, April 13th. StockNews.com lowered Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. 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 research report on Tuesday, February 25th. Finally, Scotiabank reduced their price objective 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.

Clean Energy Fuels Price Performance

NASDAQ:CLNE remained flat at $1.48 during midday trading on Monday. The company had a trading volume of 1,756,890 shares, compared to its average volume of 2,017,843. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The stock has a market capitalization of $331.47 million, a price-to-earnings ratio of -4.77 and a beta of 2.48. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $1.70 and a two-hundred day moving average of $2.49.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The business had revenue of $109.33 million during the quarter, compared to analyst estimates of $102.60 million. During the same quarter in the previous year, the firm posted $0.01 EPS. On average, equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

About Clean Energy Fuels

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.