OMERS ADMINISTRATION Corp Makes New $80,000 Investment in Clean Energy Fuels Corp. (NASDAQ:CLNE)

OMERS ADMINISTRATION Corp purchased a new position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,900 shares of the utilities provider’s stock, valued at approximately $80,000.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Clean Energy Fuels by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider’s stock worth $23,840,000 after buying an additional 124,031 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of 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 purchasing an additional 246,500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Clean Energy Fuels by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider’s stock valued at $3,653,000 after purchasing an additional 12,169 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Clean Energy Fuels by 56.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock valued at $3,117,000 after purchasing an additional 450,143 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Clean Energy Fuels by 41.2% in the fourth quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock valued at $2,886,000 after purchasing an additional 335,694 shares during the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Trading Down 2.5%

Shares of CLNE stock opened at $1.96 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. The stock has a market cap of $433.12 million, a P/E ratio of -6.32 and a beta of 2.57. The stock has a 50 day simple moving average of $1.60 and a 200 day simple moving average of $2.37. Clean Energy Fuels Corp. has a 1 year low of $1.30 and a 1 year high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.21. The business had revenue of $103.76 million during the quarter, compared to analysts’ expectations of $96.61 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) earnings per share. On average, research analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clean Energy Fuels news, CFO Robert M. Vreeland bought 15,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was purchased 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired 35,000 shares of company stock worth $64,100 over the last three months. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

CLNE has been the topic of several research reports. Scotiabank decreased 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 report on Friday, April 11th. UBS Group set a $2.00 target price on Clean Energy Fuels and gave the company a “buy” rating in a research report on Sunday, April 13th. Raymond James reaffirmed a “strong-buy” rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. Lake Street Capital cut their price target on Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.75.

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.