Barclays PLC Acquires 190,520 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Barclays PLC grew its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 252.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 266,104 shares of the utilities provider's stock after acquiring an additional 190,520 shares during the period. Barclays PLC owned about 0.12% of Clean Energy Fuels worth $828,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Eastern Bank purchased a new position in Clean Energy Fuels in the third quarter valued at approximately $31,000. Point72 DIFC Ltd purchased a new position in shares of Clean Energy Fuels during the 3rd quarter valued at $41,000. Zacks Investment Management bought a new position in shares of Clean Energy Fuels during the 3rd quarter worth $42,000. DRW Securities LLC purchased a new stake in Clean Energy Fuels in the 2nd quarter worth about $38,000. Finally, Algert Global LLC bought a new stake in Clean Energy Fuels in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 49.94% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Clean Energy Fuels from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Clean Energy Fuels currently has an average rating of "Buy" and an average price target of $5.38.

Clean Energy Fuels Stock Performance

Shares of NASDAQ:CLNE traded up $0.01 during midday trading on Thursday, reaching $2.86. 896,131 shares of the company traded hands, compared to its average volume of 2,848,282. The firm's fifty day moving average price is $2.80 and its two-hundred day moving average price is $2.84. The firm has a market capitalization of $637.98 million, a price-to-earnings ratio of -9.21 and a beta of 2.16. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a 12 month low of $2.17 and a 12 month high of $3.38.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $104.90 million for the quarter, compared to the consensus estimate of $100.64 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The company's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share. On average, equities analysts expect that Clean Energy Fuels Corp. will post -0.34 earnings per share for the current year.

About Clean Energy Fuels

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.