Swiss National Bank increased its stake in shares of Clean Energy Fuels Corp (NASDAQ:CLNE) by 5.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 265,058 shares of the utilities provider’s stock after acquiring an additional 13,200 shares during the period. Swiss National Bank owned 0.13% of Clean Energy Fuels worth $708,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH increased its holdings in shares of Clean Energy Fuels by 20.2% during the 1st quarter. Trust Co. of Toledo NA OH now owns 23,042 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 3,872 shares during the last quarter. SG Americas Securities LLC grew its holdings in Clean Energy Fuels by 34.0% in the 1st quarter. SG Americas Securities LLC now owns 47,043 shares of the utilities provider’s stock valued at $145,000 after buying an additional 11,935 shares during the last quarter. Creative Planning grew its holdings in Clean Energy Fuels by 5.2% in the 2nd quarter. Creative Planning now owns 384,087 shares of the utilities provider’s stock valued at $1,026,000 after buying an additional 18,833 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Clean Energy Fuels in the 1st quarter valued at approximately $74,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Clean Energy Fuels by 1,430,300.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 28,608 shares of the utilities provider’s stock valued at $88,000 after buying an additional 28,606 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.
CLNE traded up $0.03 during midday trading on Friday, reaching $2.15. The company’s stock had a trading volume of 6,331 shares, compared to its average volume of 683,889. The stock has a market cap of $444.22 million, a P/E ratio of -35.83 and a beta of 1.99. The company has a fifty day simple moving average of $2.24 and a 200 day simple moving average of $2.65. The company has a current ratio of 1.80, a quick ratio of 1.52 and a debt-to-equity ratio of 0.10. Clean Energy Fuels Corp has a twelve month low of $1.61 and a twelve month high of $3.47.
Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). Clean Energy Fuels had a negative return on equity of 4.46% and a negative net margin of 6.29%. The company had revenue of $72.32 million during the quarter. Sell-side analysts expect that Clean Energy Fuels Corp will post -0.12 earnings per share for the current year.
A number of analysts have issued reports on CLNE shares. ValuEngine raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. BidaskClub raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Zacks Investment Research lowered Clean Energy Fuels from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.
About Clean Energy Fuels
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.
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