Stratos Wealth Partners LTD. Makes New Investment in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Stratos Wealth Partners LTD. purchased a new position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,282 shares of the utilities provider’s stock, valued at approximately $155,000.

Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of Clean Energy Fuels by 40.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,830 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 1,100 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of Clean Energy Fuels by 26.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 4,442 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 942 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of Clean Energy Fuels during the fourth quarter worth approximately $65,000. Berman Capital Advisors LLC purchased a new position in shares of Clean Energy Fuels during the fourth quarter worth approximately $78,000. Finally, New York State Teachers Retirement System bought a new position in shares of Clean Energy Fuels in the fourth quarter worth approximately $86,000. 30.34% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CLNE opened at $8.54 on Wednesday. The stock has a market cap of $1.71 billion, a P/E ratio of 50.24 and a beta of 2.02. The firm’s fifty day simple moving average is $11.87 and its 200 day simple moving average is $9.55. Clean Energy Fuels Corp. has a twelve month low of $1.82 and a twelve month high of $19.79. The company has a quick ratio of 2.27, a current ratio of 2.63 and a debt-to-equity ratio of 0.06.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Thursday, May 6th. The utilities provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $77.10 million during the quarter, compared to the consensus estimate of $75.26 million. Clean Energy Fuels had a net margin of 10.04% and a return on equity of 6.34%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS. On average, analysts expect that Clean Energy Fuels Corp. will post -0.03 EPS for the current fiscal year.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Friday, March 12th. Needham & Company LLC assumed coverage on shares of Clean Energy Fuels in a report on Monday. They issued a “buy” rating and a $12.00 target price on the stock. Raymond James restated an “underperform” rating on shares of Clean Energy Fuels in a report on Monday, April 26th. Credit Suisse Group assumed coverage on shares of Clean Energy Fuels in a report on Wednesday, February 3rd. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, Cowen assumed coverage on shares of Clean Energy Fuels in a report on Thursday, April 1st. They issued a “market perform” rating and a $14.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.08.

In other Clean Energy Fuels news, major shareholder Marketing Services S.A. Total sold 250,000 shares of the firm’s stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $11.55, for a total transaction of $2,887,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mitchell W. Pratt sold 11,756 shares of the firm’s stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $12.99, for a total value of $152,710.44. The disclosure for this sale can be found here. Insiders have sold 282,082 shares of company stock valued at $3,301,501 in the last three months. Insiders own 3.90% of the company’s stock.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It 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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