Nisa Investment Advisors LLC Has $30,000 Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Nisa Investment Advisors LLC boosted its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNEGet Rating) by 315.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,740 shares of the utilities provider’s stock after buying an additional 2,840 shares during the period. Nisa Investment Advisors LLC’s holdings in Clean Energy Fuels were worth $30,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Global Alpha Capital Management Ltd. increased its position in Clean Energy Fuels by 9.3% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 3,705,275 shares of the utilities provider’s stock worth $22,713,000 after buying an additional 316,110 shares during the period. Rafferty Asset Management LLC increased its position in Clean Energy Fuels by 15.0% in the 4th quarter. Rafferty Asset Management LLC now owns 993,982 shares of the utilities provider’s stock worth $6,093,000 after buying an additional 129,366 shares during the period. Bank of America Corp DE increased its position in shares of Clean Energy Fuels by 17.1% during the fourth quarter. Bank of America Corp DE now owns 784,329 shares of the utilities provider’s stock valued at $4,808,000 after purchasing an additional 114,813 shares during the period. Silvercrest Asset Management Group LLC increased its position in shares of Clean Energy Fuels by 0.7% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 706,610 shares of the utilities provider’s stock valued at $4,332,000 after purchasing an additional 4,612 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in shares of Clean Energy Fuels by 671.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 589,829 shares of the utilities provider’s stock valued at $3,616,000 after purchasing an additional 513,356 shares during the period. 42.21% of the stock is owned by institutional investors.

Clean Energy Fuels Stock Performance

Shares of NASDAQ:CLNE opened at $6.48 on Monday. The business’s fifty day moving average price is $5.22 and its two-hundred day moving average price is $6.11. Clean Energy Fuels Corp. has a fifty-two week low of $4.02 and a fifty-two week high of $9.69. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -12.46 and a beta of 1.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.59 and a quick ratio of 3.31.

Clean Energy Fuels (NASDAQ:CLNEGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The company had revenue of $83.50 million during the quarter, compared to the consensus estimate of $89.61 million. Clean Energy Fuels had a negative net margin of 42.05% and a negative return on equity of 2.84%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) earnings per share. As a group, analysts predict that Clean Energy Fuels Corp. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CLNE shares. Credit Suisse Group lowered their price objective on Clean Energy Fuels to $12.50 and set an “outperform” rating on the stock in a research report on Tuesday, May 17th. Jonestrading started coverage on Clean Energy Fuels in a research report on Friday, April 8th. They set a “buy” rating on the stock. Finally, Raymond James upgraded Clean Energy Fuels from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.50.

Insiders Place Their Bets

In other Clean Energy Fuels news, CEO Andrew J. Littlefair acquired 25,000 shares of Clean Energy Fuels stock in a transaction on Thursday, May 12th. The shares were bought at an average price of $4.09 per share, with a total value of $102,250.00. Following the completion of the purchase, the chief executive officer now owns 1,551,374 shares in the company, valued at $6,345,119.66. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

About Clean Energy Fuels

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Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily 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.

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Institutional Ownership by Quarter for Clean Energy Fuels (NASDAQ:CLNE)

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