Voya Investment Management LLC Has $2.33 Million Stock Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Voya Investment Management LLC decreased its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 929,906 shares of the utilities provider's stock after selling 321,790 shares during the period. Voya Investment Management LLC owned about 0.42% of Clean Energy Fuels worth $2,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CLNE. Adage Capital Partners GP L.L.C. acquired a new stake in Clean Energy Fuels during the 4th quarter valued at approximately $753,000. Coppell Advisory Solutions LLC raised its stake in shares of Clean Energy Fuels by 1,635.8% in the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Clean Energy Fuels by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 143,301 shares of the utilities provider's stock valued at $360,000 after buying an additional 9,637 shares during the last quarter. Hsbc Holdings PLC raised its stake in Clean Energy Fuels by 90.0% during the fourth quarter. Hsbc Holdings PLC now owns 51,296 shares of the utilities provider's stock valued at $130,000 after buying an additional 24,294 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Clean Energy Fuels by 56.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock worth $34,000 after purchasing an additional 4,894 shares during the period. Institutional investors and hedge funds own 49.94% of the company's stock.

Insider Transactions at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland acquired 15,000 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders bought 35,000 shares of company stock valued at $64,100. Corporate insiders own 4.30% of the company's stock.

Clean Energy Fuels Stock Performance

CLNE traded down $0.04 during trading on Friday, reaching $1.67. 1,682,923 shares of the company's stock were exchanged, compared to its average volume of 2,048,804. The company has a market capitalization of $374.02 million, a P/E ratio of -5.39 and a beta of 2.57. 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 business has a 50 day moving average price of $1.58 and a 200 day moving average price of $2.42. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.21. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm had revenue of $103.76 million during the quarter, compared to analysts' expectations of $96.61 million. During the same quarter last year, the company earned ($0.01) earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CLNE. Lake Street Capital lowered 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 note on Friday. StockNews.com lowered Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Raymond James reaffirmed a "strong-buy" rating and issued a $4.00 target price (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the stock a "buy" rating in a research report on Sunday, April 13th. Finally, Scotiabank decreased their price target on shares of 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. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3.75.

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.