Creative Planning trimmed its position in Clean Energy Fuels Corp (NASDAQ:CLNE) by 33.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,829 shares of the utilities provider’s stock after selling 157,672 shares during the quarter. Creative Planning’s holdings in Clean Energy Fuels were worth $808,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Millennium Management LLC increased its stake in Clean Energy Fuels by 5.1% in the second quarter. Millennium Management LLC now owns 1,347,902 shares of the utilities provider’s stock valued at $4,974,000 after acquiring an additional 65,514 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in Clean Energy Fuels in the second quarter valued at approximately $254,000. Metropolitan Life Insurance Co. NY bought a new position in Clean Energy Fuels in the second quarter valued at approximately $180,000. Manatuck Hill Partners LLC bought a new position in Clean Energy Fuels in the second quarter valued at approximately $185,000. Finally, Renaissance Technologies LLC increased its stake in Clean Energy Fuels by 91.9% in the second quarter. Renaissance Technologies LLC now owns 4,298,433 shares of the utilities provider’s stock valued at $15,861,000 after acquiring an additional 2,058,155 shares during the last quarter. 25.13% of the stock is currently owned by institutional investors and hedge funds.
CLNE has been the topic of a number of recent analyst reports. ValuEngine cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Zacks Investment Research cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, BidaskClub cut shares of Clean Energy Fuels from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 18th.
Shares of NASDAQ:CLNE opened at $2.31 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.13 and a quick ratio of 1.93. Clean Energy Fuels Corp has a 1 year low of $1.31 and a 1 year high of $4.05.
Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Tuesday, August 7th. The utilities provider reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm had revenue of $70.47 million for the quarter. Clean Energy Fuels had a negative net margin of 35.54% and a negative return on equity of 25.19%. On average, equities research analysts anticipate that Clean Energy Fuels Corp will post -0.1 earnings per share for the current fiscal year.
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 provides operation and maintenance services for vehicle fleet customer stations.
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