American Century Companies Inc. Has $599,000 Stock Position in Clean Energy Fuels Corp. $CLNE

American Century Companies Inc. raised its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 11.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,273 shares of the utilities provider’s stock after purchasing an additional 38,711 shares during the period. American Century Companies Inc.’s holdings in Clean Energy Fuels were worth $599,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CLNE. GTS Securities LLC grew its stake in shares of Clean Energy Fuels by 16.8% during the fourth quarter. GTS Securities LLC now owns 27,446 shares of the utilities provider’s stock worth $69,000 after buying an additional 3,955 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Clean Energy Fuels by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider’s stock worth $245,000 after buying an additional 4,215 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Clean Energy Fuels by 56.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock worth $34,000 after buying an additional 4,894 shares during the last quarter. Rafferty Asset Management LLC grew its stake in shares of Clean Energy Fuels by 4.6% during the fourth quarter. Rafferty Asset Management LLC now owns 156,428 shares of the utilities provider’s stock worth $393,000 after buying an additional 6,863 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Clean Energy Fuels by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 143,301 shares of the utilities provider’s stock worth $360,000 after buying an additional 9,637 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Stock Performance

Shares of Clean Energy Fuels stock opened at $2.49 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.47. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The stock has a market cap of $546.03 million, a price-to-earnings ratio of -2.77 and a beta of 2.70. The company’s fifty day moving average is $2.25 and its 200 day moving average is $1.93.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. Clean Energy Fuels had a negative net margin of 48.40% and a negative return on equity of 27.98%. The company had revenue of $102.61 million for the quarter, compared to analysts’ expectations of $94.73 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Clean Energy Fuels’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

CLNE has been the topic of a number of research reports. Jefferies Financial Group cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 target price on the stock. in a research note on Friday, August 8th. UBS Group reaffirmed a “buy” rating and set a $2.75 target price (up previously from $2.00) on shares of Clean Energy Fuels in a research note on Tuesday, August 12th. Finally, Lake Street Capital decreased their target price on shares of Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Clean Energy Fuels presently has an average rating of “Buy” and a consensus price target of $3.59.

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.