Vanguard Group Inc. increased its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,419,084 shares of the utilities provider’s stock after purchasing an additional 792,870 shares during the quarter. Vanguard Group Inc. owned approximately 6.92% of Clean Energy Fuels Corp. worth $26,464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Brave Asset Management Inc. lifted its holdings in shares of Clean Energy Fuels Corp. by 19.2% during the second quarter. Brave Asset Management Inc. now owns 43,500 shares of the utilities provider’s stock worth $110,000 after buying an additional 7,000 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Clean Energy Fuels Corp. by 7.7% during the first quarter. American International Group Inc. now owns 54,273 shares of the utilities provider’s stock worth $138,000 after buying an additional 3,864 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Clean Energy Fuels Corp. by 12.4% during the first quarter. Bank of America Corp DE now owns 57,958 shares of the utilities provider’s stock worth $148,000 after buying an additional 6,407 shares during the last quarter. KBC Group NV lifted its holdings in shares of Clean Energy Fuels Corp. by 24.4% during the second quarter. KBC Group NV now owns 61,525 shares of the utilities provider’s stock worth $156,000 after buying an additional 12,087 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Clean Energy Fuels Corp. during the first quarter worth approximately $189,000. Hedge funds and other institutional investors own 33.91% of the company’s stock.

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A number of brokerages have recently commented on CLNE. ValuEngine lowered Clean Energy Fuels Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. BidaskClub lowered Clean Energy Fuels Corp. from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Zacks Investment Research cut Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

Shares of Clean Energy Fuels Corp. (NASDAQ CLNE) opened at $2.09 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.05 and a current ratio of 3.52. Clean Energy Fuels Corp. has a 1 year low of $1.98 and a 1 year high of $3.83.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.49). The firm had revenue of $81.80 million for the quarter, compared to the consensus estimate of $85.43 million. Clean Energy Fuels Corp. had a negative net margin of 15.47% and a negative return on equity of 10.52%. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. analysts predict that Clean Energy Fuels Corp. will post -0.19 earnings per share for the current year.

Clean Energy Fuels Corp. Company Profile

Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.

Institutional Ownership by Quarter for Clean Energy Fuels Corp. (NASDAQ:CLNE)

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