JPMorgan Chase & Co. Has $6.34 Million Position in Clean Energy Fuels Corp. $CLNE

JPMorgan Chase & Co. raised its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 765.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,457,876 shares of the utilities provider’s stock after buying an additional 2,173,771 shares during the period. JPMorgan Chase & Co. owned about 1.12% of Clean Energy Fuels worth $6,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Clean Energy Fuels by 2.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,851,464 shares of the utilities provider’s stock worth $30,577,000 after acquiring an additional 237,816 shares during the period. Vanguard Group Inc. increased its position in Clean Energy Fuels by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,402,549 shares of the utilities provider’s stock valued at $29,419,000 after purchasing an additional 341,333 shares during the period. Geode Capital Management LLC increased its position in Clean Energy Fuels by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,333,554 shares of the utilities provider’s stock valued at $8,452,000 after purchasing an additional 87,716 shares during the period. Bridgeway Capital Management LLC raised its holdings in Clean Energy Fuels by 6.3% during the 3rd quarter. Bridgeway Capital Management LLC now owns 1,239,990 shares of the utilities provider’s stock worth $3,199,000 after purchasing an additional 73,403 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Clean Energy Fuels by 1,007.1% during the 3rd quarter. Algert Global LLC now owns 800,849 shares of the utilities provider’s stock worth $2,066,000 after purchasing an additional 728,509 shares during the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.49.

Clean Energy Fuels Trading Down 3.9%

Shares of CLNE stock opened at $2.48 on Wednesday. The company has a market cap of $544.19 million, a P/E ratio of -2.48 and a beta of 2.15. The stock has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $2.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 2.32. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.11.

Clean Energy Fuels Company Profile

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.