Dimensional Fund Advisors LP Lowers Holdings in Clean Energy Fuels Corp. $CLNE

Dimensional Fund Advisors LP cut its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,545,336 shares of the utilities provider’s stock after selling 811,765 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Clean Energy Fuels were worth $16,235,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of Clean Energy Fuels by 1,419,900.0% in the second quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock valued at $28,000 after buying an additional 14,199 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Clean Energy Fuels by 54.8% in the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 5,254 shares during the period. R Squared Ltd purchased a new stake in shares of Clean Energy Fuels in the first quarter valued at $31,000. Mercer Global Advisors Inc. ADV acquired a new position in Clean Energy Fuels in the fourth quarter valued at $31,000. Finally, CWM LLC lifted its position in Clean Energy Fuels by 40.3% during the fourth quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock worth $35,000 after buying an additional 4,791 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

Shares of NASDAQ CLNE opened at $1.57 on Friday. The firm has a market cap of $346.86 million, a PE ratio of -3.58 and a beta of 1.85. The business has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $2.20. The company has a quick ratio of 2.14, a current ratio of 2.46 and a debt-to-equity ratio of 0.41. Clean Energy Fuels Corp. has a fifty-two week low of $1.57 and a fifty-two week high of $3.11.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Clean Energy Fuels had a negative return on equity of 16.41% and a negative net margin of 21.27%.The firm had revenue of $117.56 million for the quarter, compared to analysts’ expectations of $102.62 million. During the same period last year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Sell-side analysts expect that Clean Energy Fuels Corp. will post -0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andrew J. Littlefair sold 165,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $2.05, for a total transaction of $338,250.00. Following the sale, the director owned 1,914,993 shares in the company, valued at $3,925,735.65. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CLNE. Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Friday, July 17th. UBS Group cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.75 price target on the stock. in a research report on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $2.75.

About Clean Energy Fuels

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.