Grassi Investment Management Grows Position in Clean Energy Fuels Corp (NASDAQ:CLNE)

Grassi Investment Management raised its position in Clean Energy Fuels Corp (NASDAQ:CLNE) by 74.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,500 shares of the utilities provider’s stock after acquiring an additional 10,000 shares during the quarter. Grassi Investment Management’s holdings in Clean Energy Fuels were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Clean Energy Fuels by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,696,552 shares of the utilities provider’s stock valued at $18,398,000 after acquiring an additional 232,198 shares during the period. Renaissance Technologies LLC lifted its holdings in Clean Energy Fuels by 16.7% in the second quarter. Renaissance Technologies LLC now owns 9,760,232 shares of the utilities provider’s stock valued at $26,060,000 after acquiring an additional 1,399,300 shares during the period. Nuveen Asset Management LLC bought a new position in Clean Energy Fuels in the second quarter valued at about $6,113,000. Charles Schwab Investment Management Inc. lifted its holdings in Clean Energy Fuels by 15.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 805,050 shares of the utilities provider’s stock valued at $2,150,000 after acquiring an additional 106,843 shares during the period. Finally, Morgan Stanley lifted its holdings in Clean Energy Fuels by 2.2% in the second quarter. Morgan Stanley now owns 536,545 shares of the utilities provider’s stock valued at $1,432,000 after acquiring an additional 11,662 shares during the period. 29.21% of the stock is currently owned by institutional investors.

CLNE stock traded down $0.02 during trading on Friday, reaching $1.99. The stock had a trading volume of 14,685 shares, compared to its average volume of 775,660. The stock’s 50 day moving average is $2.05 and its two-hundred day moving average is $2.64. The company has a current ratio of 1.80, a quick ratio of 1.52 and a debt-to-equity ratio of 0.10. Clean Energy Fuels Corp has a 52 week low of $1.61 and a 52 week high of $3.47. The firm has a market cap of $417.61 million, a PE ratio of -33.17 and a beta of 1.94.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). Clean Energy Fuels had a negative return on equity of 4.46% and a negative net margin of 6.29%. The firm had revenue of $72.32 million for the quarter. On average, research analysts anticipate that Clean Energy Fuels Corp will post -0.11 EPS for the current year.

A number of research firms have weighed in on CLNE. ValuEngine raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. BidaskClub raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Finally, Zacks Investment Research raised Clean Energy Fuels from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Thursday.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, 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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