Natixis Takes Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Natixis acquired a new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 327,099 shares of the utilities provider's stock, valued at approximately $821,000. Natixis owned 0.15% of Clean Energy Fuels at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CLNE. Jane Street Group LLC increased its stake in Clean Energy Fuels by 52.8% in the 3rd quarter. Jane Street Group LLC now owns 363,086 shares of the utilities provider's stock worth $1,129,000 after acquiring an additional 125,404 shares during the last quarter. Barclays PLC grew its holdings in shares of Clean Energy Fuels by 252.1% during the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider's stock worth $828,000 after purchasing an additional 190,520 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Clean Energy Fuels by 3.1% in the third quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider's stock worth $13,075,000 after purchasing an additional 126,760 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Clean Energy Fuels by 309.5% in the third quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider's stock valued at $2,271,000 after purchasing an additional 551,896 shares in the last quarter. Finally, Grassi Investment Management lifted its position in Clean Energy Fuels by 74.1% during the fourth quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 49.94% of the company's stock.

Clean Energy Fuels Trading Down 2.4 %

Shares of Clean Energy Fuels stock traded down $0.04 during trading on Tuesday, reaching $1.45. The company's stock had a trading volume of 359,242 shares, compared to its average volume of 2,011,301. The company has a market cap of $323.63 million, a price-to-earnings ratio of -4.66 and a beta of 2.48. The firm's 50-day moving average is $1.70 and its two-hundred day moving average is $2.49. Clean Energy Fuels Corp. has a 52-week low of $1.30 and a 52-week high of $3.67. 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 (NASDAQ:CLNE - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The firm had revenue of $109.33 million for the quarter, compared to analysts' expectations of $102.60 million. During the same period last year, the firm earned $0.01 earnings per share. On average, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Raymond James reissued a "strong-buy" rating and issued a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. Scotiabank reduced their target price on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. StockNews.com lowered Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. Finally, UBS Group set a $2.00 price objective on Clean Energy Fuels and gave the company a "buy" rating in a research report on Sunday, April 13th.

Insiders Place Their Bets

In other news, CFO Robert M. Vreeland purchased 15,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $1.94 per share, with a total value of $29,100.00. Following the acquisition, the chief financial officer now directly owns 458,800 shares in the company, valued at approximately $890,072. The trade was a 3.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased 35,000 shares of company stock valued at $64,100 in the last ninety days. Company insiders own 4.30% of the company's stock.

Clean Energy Fuels Company 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.