Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,110,904 shares of the utilities provider's stock after selling 355,409 shares during the quarter. Vanguard Group Inc. owned approximately 4.97% of Clean Energy Fuels worth $27,888,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. increased its holdings in Clean Energy Fuels by 3.4% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider's stock valued at $18,555,000 after buying an additional 246,500 shares in the last quarter. State Street Corp grew its position in shares of Clean Energy Fuels by 0.5% during the 3rd quarter. State Street Corp now owns 5,923,358 shares of the utilities provider's stock valued at $18,422,000 after acquiring an additional 31,602 shares during the period. Geode Capital Management LLC increased its stake in shares of Clean Energy Fuels by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider's stock valued at $13,075,000 after purchasing an additional 126,760 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Clean Energy Fuels by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider's stock worth $3,653,000 after purchasing an additional 12,169 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Clean Energy Fuels by 309.5% during the third quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider's stock worth $2,271,000 after purchasing an additional 551,896 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Trading Up 2.9 %

NASDAQ:CLNE traded up $0.04 during trading hours on Friday, hitting $1.40. The company had a trading volume of 1,706,359 shares, compared to its average volume of 2,013,955. Clean Energy Fuels Corp. has a 1 year low of $1.30 and a 1 year high of $3.67. The company has a market cap of $313.55 million, a P/E ratio of -4.52 and a beta of 2.48. The company has a 50-day moving average of $1.90 and a 200 day moving average of $2.56. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same period in the previous year, the business posted $0.01 EPS. Sell-side analysts expect 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 research analysts recently issued reports on the stock. UBS Group set a $2.00 price target on shares of Clean Energy Fuels and gave the company a "buy" rating in a research note on Sunday, April 13th. Raymond James reaffirmed a "strong-buy" rating and issued a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. StockNews.com downgraded Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. Finally, Scotiabank decreased their price target on shares of 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.

Insider Buying and Selling at Clean Energy Fuels

In other news, CFO Robert M. Vreeland purchased 15,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $1.94 per share, for a total transaction of $29,100.00. Following the completion of the purchase, the chief financial officer now directly owns 458,800 shares of the company's stock, valued at approximately $890,072. This trade represents a 3.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 35,000 shares of company stock worth $64,100 over the last quarter. 3.60% of the stock is currently owned by company insiders.

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.