Healthcare of Ontario Pension Plan Trust Fund Acquires 29,861 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 14.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,715 shares of the utilities provider’s stock after purchasing an additional 29,861 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.11% of Clean Energy Fuels worth $634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLNE. SG Americas Securities LLC raised its position in Clean Energy Fuels by 288.2% during the 4th quarter. SG Americas Securities LLC now owns 70,715 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 52,498 shares during the last quarter. Raymond James & Associates purchased a new position in shares of Clean Energy Fuels during the 4th quarter worth approximately $230,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Clean Energy Fuels by 19.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,680 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 4,930 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Clean Energy Fuels during the 4th quarter worth approximately $1,566,000. Finally, Prio Wealth Limited Partnership purchased a new position in shares of Clean Energy Fuels during the 4th quarter worth approximately $38,000. Institutional investors own 49.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Piper Sandler reduced their target price on Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Raymond James reduced their target price on Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 3rd. Scotiabank cut their price target on Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. Finally, StockNews.com upgraded Clean Energy Fuels to a “sell” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.60.

Clean Energy Fuels Price Performance

Shares of CLNE opened at $2.71 on Friday. The business’s fifty day simple moving average is $2.67 and its two-hundred day simple moving average is $2.72. The company has a current ratio of 3.14, a quick ratio of 2.80 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a 12 month low of $2.17 and a 12 month high of $4.97.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.05. The firm had revenue of $103.71 million for the quarter, compared to analysts’ expectations of $106.63 million. Clean Energy Fuels had a negative return on equity of 11.09% and a negative net margin of 19.98%. On average, equities analysts expect that Clean Energy Fuels Corp. will post -0.4 earnings per share for the current year.

About Clean Energy Fuels

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.