Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) by 29.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 319,812 shares of the utilities provider’s stock after buying an additional 72,557 shares during the period. Russell Investments Group Ltd.’s holdings in Clean Energy Fuels were worth $1,663,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CLNE. State Street Corp increased its position in Clean Energy Fuels by 19.6% during the second quarter. State Street Corp now owns 12,696,002 shares of the utilities provider’s stock worth $56,878,000 after buying an additional 2,082,455 shares during the period. Two Sigma Investments LP increased its holdings in shares of Clean Energy Fuels by 263.2% in the third quarter. Two Sigma Investments LP now owns 2,051,978 shares of the utilities provider’s stock valued at $10,958,000 after purchasing an additional 1,487,039 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Clean Energy Fuels by 159.9% in the third quarter. Two Sigma Advisers LP now owns 2,003,400 shares of the utilities provider’s stock valued at $10,698,000 after purchasing an additional 1,232,500 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Clean Energy Fuels by 65.0% in the third quarter. Alliancebernstein L.P. now owns 2,437,442 shares of the utilities provider’s stock valued at $13,016,000 after purchasing an additional 960,175 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Clean Energy Fuels by 275.1% in the third quarter. Cubist Systematic Strategies LLC now owns 1,099,336 shares of the utilities provider’s stock valued at $5,870,000 after purchasing an additional 806,294 shares during the period. Institutional investors and hedge funds own 46.43% of the company’s stock.

Clean Energy Fuels Stock Down 3.3 %

CLNE opened at $4.44 on Wednesday. The business’s fifty day moving average is $4.31 and its two-hundred day moving average is $5.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.66 and a current ratio of 2.91. The company has a market cap of $989.72 million, a price-to-earnings ratio of -13.45 and a beta of 2.18. Clean Energy Fuels Corp. has a one year low of $3.84 and a one year high of $8.58.

Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last posted its earnings results on Tuesday, February 28th. The utilities provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The firm had revenue of $113.76 million for the quarter, compared to analysts’ expectations of $111.40 million. Clean Energy Fuels had a negative return on equity of 10.14% and a negative net margin of 15.62%. Analysts anticipate that Clean Energy Fuels Corp. will post -0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Clean Energy Fuels news, SVP Barclay Corbus sold 5,643 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $5.69, for a total transaction of $32,108.67. Following the sale, the senior vice president now directly owns 624,458 shares in the company, valued at $3,553,166.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CLNE. Raymond James raised Clean Energy Fuels from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Wednesday, April 5th. Lake Street Capital dropped their price objective on Clean Energy Fuels from $27.00 to $22.00 in a report on Wednesday, March 1st. TD Cowen dropped their price objective on Clean Energy Fuels from $7.00 to $5.50 and set a “market perform” rating on the stock in a report on Monday, March 6th. StockNews.com initiated coverage on Clean Energy Fuels in a report on Thursday, May 18th. They set a “sell” rating on the stock. Finally, Piper Sandler initiated coverage on Clean Energy Fuels in a report on Monday, February 27th. They set an “overweight” rating and a $8.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.79.

About Clean Energy Fuels

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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.