Everett Harris & Co. CA Sells 50,000 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Everett Harris & Co. CA lessened its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 66.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the utilities provider’s stock after selling 50,000 shares during the quarter. Everett Harris & Co. CA’s holdings in Clean Energy Fuels were worth $96,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in shares of Clean Energy Fuels by 1,052.6% in the third quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 10,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Clean Energy Fuels by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,347,662 shares of the utilities provider’s stock valued at $5,162,000 after acquiring an additional 34,908 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at approximately $6,997,000. Versor Investments LP bought a new position in shares of Clean Energy Fuels in the third quarter worth $157,000. Finally, Kestra Advisory Services LLC purchased a new position in Clean Energy Fuels during the 3rd quarter valued at about $298,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Stock Up 1.9 %

NASDAQ:CLNE traded up $0.05 during mid-day trading on Thursday, hitting $2.68. 1,814,718 shares of the company’s stock were exchanged, compared to its average volume of 1,655,089. Clean Energy Fuels Corp. has a one year low of $2.32 and a one year high of $5.25. The business has a fifty day moving average price of $2.88 and a 200 day moving average price of $3.42. The company has a market cap of $598.28 million, a PE ratio of -6.09 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.59.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. The company had revenue of $106.86 million for the quarter, compared to the consensus estimate of $106.50 million. Clean Energy Fuels had a negative return on equity of 14.05% and a negative net margin of 23.40%. Equities analysts predict that Clean Energy Fuels Corp. will post -0.49 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CLNE shares. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a research report on Tuesday. Scotiabank dropped their target price on Clean Energy Fuels from $7.00 to $6.00 and set a “sector outperform” rating for the company in a report on Wednesday, March 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.80.

Clean Energy Fuels 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.