J. Derek Lewis & Associates Inc. Buys Shares of 1,864,180 Clean Energy Fuels Corp. $CLNE

J. Derek Lewis & Associates Inc. purchased a new position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,864,180 shares of the utilities provider’s stock, valued at approximately $3,915,000. Clean Energy Fuels accounts for about 0.9% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 23rd largest holding. J. Derek Lewis & Associates Inc. owned 0.85% of Clean Energy Fuels as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of Clean Energy Fuels by 1,419,900.0% in the second quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 14,199 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Clean Energy Fuels during the 4th quarter valued at approximately $31,000. BNP Paribas Financial Markets lifted its holdings in Clean Energy Fuels by 54.8% in the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 5,254 shares during the last quarter. Mariner LLC lifted its holdings in Clean Energy Fuels by 43.9% in the fourth quarter. Mariner LLC now owns 16,641 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 5,075 shares during the last quarter. Finally, CWM LLC grew its position in Clean Energy Fuels by 40.3% in the fourth quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 4,791 shares during the period. Institutional investors and hedge funds own 49.94% of the company’s stock.

Insider Activity

In other news, Director Andrew J. Littlefair sold 165,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $2.05, for a total value of $338,250.00. Following the transaction, the director owned 1,914,993 shares in the company, valued at approximately $3,925,735.65. This represents a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.12% of the company’s stock.

Clean Energy Fuels Price Performance

Shares of CLNE opened at $1.86 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.14 and a current ratio of 2.46. Clean Energy Fuels Corp. has a 1 year low of $1.75 and a 1 year high of $3.11. The stock has a market capitalization of $409.63 million, a PE ratio of -4.04 and a beta of 1.86. The company’s 50-day simple moving average is $2.11 and its 200-day simple moving average is $2.25.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Clean Energy Fuels had a negative net margin of 22.68% and a negative return on equity of 14.04%. The business had revenue of $117.56 million during the quarter, compared to the consensus estimate of $102.62 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Clean Energy Fuels Corp. will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Clean Energy Fuels currently has a consensus rating of “Hold” and an average price target of $2.48.

Clean Energy Fuels Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.