SG Americas Securities LLC Has $313,000 Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

SG Americas Securities LLC grew its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,205 shares of the utilities provider’s stock after buying an additional 7,175 shares during the quarter. SG Americas Securities LLC’s holdings in Clean Energy Fuels were worth $313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Clean Energy Fuels by 4.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 58,077 shares of the utilities provider’s stock valued at $260,000 after purchasing an additional 2,274 shares during the period. American International Group Inc. raised its holdings in shares of Clean Energy Fuels by 3.0% during the 2nd quarter. American International Group Inc. now owns 79,351 shares of the utilities provider’s stock worth $355,000 after buying an additional 2,325 shares in the last quarter. Cambridge Trust Co. raised its holdings in shares of Clean Energy Fuels by 33.3% during the 3rd quarter. Cambridge Trust Co. now owns 10,000 shares of the utilities provider’s stock worth $53,000 after buying an additional 2,500 shares in the last quarter. Financial Advocates Investment Management acquired a new position in Clean Energy Fuels in the 3rd quarter worth about $504,000. Finally, ProShare Advisors LLC increased its holdings in Clean Energy Fuels by 16.7% in the 4th quarter. ProShare Advisors LLC now owns 21,815 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 3,125 shares in the last quarter. Institutional investors own 46.43% of the company’s stock.

Clean Energy Fuels Stock Performance

Shares of CLNE opened at $4.30 on Tuesday. The stock has a market cap of $958.51 million, a P/E ratio of -15.93 and a beta of 2.18. The company has a quick ratio of 2.93, a current ratio of 3.18 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average price is $4.35 and its 200-day moving average price is $5.41. Clean Energy Fuels Corp. has a 52 week low of $3.84 and a 52 week high of $8.58.

Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last issued its earnings results on Tuesday, February 28th. The utilities provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $113.76 million during the quarter, compared to the consensus estimate of $111.40 million. Clean Energy Fuels had a negative return on equity of 8.03% and a negative net margin of 13.98%. Equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Energy Fuels

In related news, SVP Barclay Corbus sold 5,643 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $5.69, for a total value of $32,108.67. Following the completion of the transaction, the senior vice president now owns 624,458 shares of the company’s stock, valued at approximately $3,553,166.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CLNE. Lake Street Capital cut their target price on Clean Energy Fuels from $27.00 to $22.00 in a research report on Wednesday, March 1st. StockNews.com began coverage on Clean Energy Fuels in a report on Thursday, March 16th. They issued a “sell” rating on the stock. Raymond James upgraded Clean Energy Fuels from a “market perform” rating to an “outperform” rating and set a $6.00 price target on the stock in a report on Wednesday, April 5th. TD Cowen lowered their price objective on Clean Energy Fuels from $7.00 to $5.50 and set a “market perform” rating for the company in a research note on Monday, March 6th. Finally, Piper Sandler began coverage on Clean Energy Fuels in a research note on Monday, February 27th. They issued an “overweight” rating and a $8.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Clean Energy Fuels Profile

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Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It also builds and operates compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling stations, manufactures CNG and LNG equipment and technologies, and delivers CNG and LNG vehicle fuel.