Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. reduced its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,495 shares of the utilities provider’s stock after selling 18,600 shares during the quarter. Moors & Cabot Inc.’s holdings in Clean Energy Fuels were worth $1,274,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in Clean Energy Fuels by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider’s stock worth $187,000 after purchasing an additional 6,637 shares during the last quarter. Rhumbline Advisers raised its position in shares of Clean Energy Fuels by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider’s stock worth $782,000 after buying an additional 6,989 shares in the last quarter. Eastern Bank bought a new stake in Clean Energy Fuels during the third quarter worth approximately $31,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Clean Energy Fuels by 30.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider’s stock valued at $119,000 after buying an additional 10,437 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Clean Energy Fuels during the 1st quarter valued at about $33,000. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Stock Up 3.4 %

NASDAQ CLNE opened at $2.71 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $605.58 million, a price-to-earnings ratio of -8.74 and a beta of 2.12. Clean Energy Fuels Corp. has a 1-year low of $2.17 and a 1-year high of $4.13. The stock’s 50 day moving average is $2.94 and its two-hundred day moving average is $2.81.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The business had revenue of $104.90 million for the quarter, compared to analyst estimates of $100.64 million. During the same period in the prior year, the company earned ($0.12) EPS. Clean Energy Fuels’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLNE has been the topic of several analyst reports. Scotiabank lifted their target price on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, September 3rd. StockNews.com raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $5.38.

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.