Everett Harris & Co. CA Decreases Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Everett Harris & Co. CA trimmed its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 66.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the utilities provider’s stock after selling 50,000 shares during the period. Everett Harris & Co. CA’s holdings in Clean Energy Fuels were worth $96,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Arkadios Wealth Advisors bought a new position in shares of Clean Energy Fuels in the third quarter valued at approximately $38,000. Xponance Inc. bought a new stake in Clean Energy Fuels during the third quarter valued at approximately $39,000. Sunbelt Securities Inc. lifted its holdings in shares of Clean Energy Fuels by 1,052.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 10,000 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Clean Energy Fuels by 77.6% in the first quarter. Tower Research Capital LLC TRC now owns 10,292 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 4,498 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV purchased a new stake in Clean Energy Fuels during the first quarter valued at about $45,000. Institutional investors own 49.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Scotiabank reduced their price objective on Clean Energy Fuels from $7.00 to $6.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 6th. Stifel Nicolaus reduced their price objective on Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Finally, StockNews.com upgraded Clean Energy Fuels to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Energy Fuels has a consensus rating of “Moderate Buy” and an average target price of $6.80.

Clean Energy Fuels Stock Up 1.9 %

Shares of CLNE stock traded up $0.05 during mid-day trading on Thursday, hitting $2.68. The company’s stock had a trading volume of 1,814,718 shares, compared to its average volume of 1,655,089. Clean Energy Fuels Corp. has a 52-week low of $2.32 and a 52-week high of $5.25. The business has a 50-day moving average price of $2.88 and a 200 day moving average price of $3.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.59 and a current ratio of 2.87. The stock has a market cap of $598.28 million, a price-to-earnings ratio of -6.09 and a beta of 2.09.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. The business had revenue of $106.86 million during the quarter, compared to analyst estimates of $106.50 million. Research analysts predict that Clean Energy Fuels Corp. will post -0.49 EPS for the current fiscal year.

Clean Energy Fuels 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.