Dimensional Fund Advisors LP Grows Stake in Clean Energy Fuels Corp (CLNE)

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Dimensional Fund Advisors LP increased its stake in shares of Clean Energy Fuels Corp (NASDAQ:CLNE) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,696,552 shares of the utilities provider’s stock after purchasing an additional 232,198 shares during the period. Dimensional Fund Advisors LP owned approximately 5.26% of Clean Energy Fuels worth $18,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new stake in Clean Energy Fuels in the 4th quarter worth approximately $42,000. Northern Trust Corp boosted its stake in Clean Energy Fuels by 1.9% in the 4th quarter. Northern Trust Corp now owns 1,635,848 shares of the utilities provider’s stock worth $2,815,000 after purchasing an additional 30,811 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Clean Energy Fuels by 28.7% in the 4th quarter. Bank of New York Mellon Corp now owns 654,752 shares of the utilities provider’s stock worth $1,126,000 after purchasing an additional 145,970 shares in the last quarter. BlackRock Inc. boosted its stake in Clean Energy Fuels by 5.8% in the 4th quarter. BlackRock Inc. now owns 9,555,869 shares of the utilities provider’s stock worth $16,436,000 after purchasing an additional 528,045 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Clean Energy Fuels in the 4th quarter worth approximately $27,000. 27.75% of the stock is owned by institutional investors and hedge funds.

CLNE opened at $3.27 on Tuesday. Clean Energy Fuels Corp has a 12-month low of $1.54 and a 12-month high of $4.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.81 and a quick ratio of 2.38.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Tuesday, March 12th. The utilities provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Clean Energy Fuels had a negative net margin of 1.09% and a negative return on equity of 2.11%. The company had revenue of $96.23 million during the quarter, compared to analyst estimates of $85.30 million. Analysts forecast that Clean Energy Fuels Corp will post -0.09 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. Raymond James reiterated a “sell” rating on shares of Clean Energy Fuels in a research note on Wednesday, December 26th. BidaskClub raised shares of Clean Energy Fuels from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 14th. Finally, ValuEngine raised shares of Clean Energy Fuels from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.

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Clean Energy Fuels Company Profile

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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Institutional Ownership by Quarter for Clean Energy Fuels (NASDAQ:CLNE)

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