Cambridge Trust Co. Has $43,000 Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Cambridge Trust Co. lessened its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 47.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,100 shares of the utilities provider’s stock after selling 10,000 shares during the quarter. Cambridge Trust Co.’s holdings in Clean Energy Fuels were worth $43,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prio Wealth Limited Partnership purchased a new stake in shares of Clean Energy Fuels in the fourth quarter valued at $38,000. Assenagon Asset Management S.A. purchased a new stake in Clean Energy Fuels in the 4th quarter worth about $1,566,000. Raymond James Financial Services Advisors Inc. boosted its position in Clean Energy Fuels by 19.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,680 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 4,930 shares during the period. Raymond James & Associates purchased a new position in Clean Energy Fuels during the 4th quarter valued at about $230,000. Finally, SG Americas Securities LLC increased its holdings in shares of Clean Energy Fuels by 288.2% in the 4th quarter. SG Americas Securities LLC now owns 70,715 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 52,498 shares during the period. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Stock Performance

Shares of Clean Energy Fuels stock opened at $2.22 on Friday. Clean Energy Fuels Corp. has a 12-month low of $2.18 and a 12-month high of $5.25. The company has a quick ratio of 2.59, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $2.68 and a two-hundred day moving average price of $3.23.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The business had revenue of $106.86 million for the quarter, compared to analyst estimates of $106.50 million. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. As a group, equities analysts predict that Clean Energy Fuels Corp. will post -0.48 EPS for the current year.

Wall Street Analyst Weigh In

CLNE has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Raymond James dropped their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. Piper Sandler lowered their target price on Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday. Scotiabank reduced their price target on Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Finally, StockNews.com raised Clean Energy Fuels to a “sell” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5.60.

Clean Energy Fuels Company Profile

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.