CANADA LIFE ASSURANCE Co Decreases Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

CANADA LIFE ASSURANCE Co lessened its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,397 shares of the utilities provider’s stock after selling 20,317 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Clean Energy Fuels were worth $104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CLNE. Barclays PLC lifted its holdings in Clean Energy Fuels by 252.1% during the 3rd quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock worth $828,000 after buying an additional 190,520 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Clean Energy Fuels by 309.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock worth $2,271,000 after buying an additional 551,896 shares during the last quarter. Grassi Investment Management lifted its holdings in Clean Energy Fuels by 74.1% during the 4th quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider’s stock worth $59,000 after buying an additional 10,000 shares during the last quarter. Inspire Investing LLC lifted its holdings in Clean Energy Fuels by 20.0% during the 4th quarter. Inspire Investing LLC now owns 158,531 shares of the utilities provider’s stock worth $398,000 after buying an additional 26,428 shares during the last quarter. Finally, IMC Chicago LLC lifted its holdings in Clean Energy Fuels by 7.4% during the 4th quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider’s stock worth $329,000 after buying an additional 9,021 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Price Performance

Clean Energy Fuels stock opened at $1.45 on Thursday. The stock has a 50-day simple moving average of $1.65 and a 200-day simple moving average of $2.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The company has a market capitalization of $324.75 million, a P/E ratio of -4.68 and a beta of 2.48. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. During the same period in the prior year, the business earned $0.01 EPS. Equities research analysts expect that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Insider Buying and Selling at Clean Energy Fuels

In related news, CFO Robert M. Vreeland acquired 15,000 shares of Clean Energy Fuels stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $1.94 per share, with a total value of $29,100.00. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 35,000 shares of company stock valued at $64,100 in the last ninety days. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank decreased their price target on Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. StockNews.com downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Raymond James reissued a “strong-buy” rating and issued a $4.00 target price (down from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. Finally, UBS Group set a $2.00 target price on Clean Energy Fuels and gave the company a “buy” rating in a report on Sunday, April 13th.

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.