NJ State Employees Deferred Compensation Plan maintained its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the utilities provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Clean Energy Fuels Corp. were worth $102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alambic Investment Management L.P. increased its position in shares of Clean Energy Fuels Corp. by 8.2% in the first quarter. Alambic Investment Management L.P. now owns 134,208 shares of the utilities provider’s stock valued at $342,000 after buying an additional 10,183 shares during the last quarter. Quantitative Investment Management LLC increased its position in shares of Clean Energy Fuels Corp. by 726.9% in the first quarter. Quantitative Investment Management LLC now owns 107,500 shares of the utilities provider’s stock valued at $274,000 after buying an additional 94,500 shares during the last quarter. Holderness Investments Co. increased its position in shares of Clean Energy Fuels Corp. by 120.3% in the first quarter. Holderness Investments Co. now owns 91,221 shares of the utilities provider’s stock valued at $233,000 after buying an additional 49,810 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Clean Energy Fuels Corp. by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 606,353 shares of the utilities provider’s stock valued at $1,547,000 after buying an additional 53,552 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Clean Energy Fuels Corp. by 35.4% in the first quarter. American Century Companies Inc. now owns 1,662,723 shares of the utilities provider’s stock valued at $4,240,000 after buying an additional 434,280 shares during the last quarter. 33.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Clean Energy Fuels Corp. (CLNE) opened at 2.30 on Friday. Clean Energy Fuels Corp. has a 12-month low of $2.18 and a 12-month high of $4.80. The company has a market capitalization of $347.10 million, a P/E ratio of 12.50 and a beta of 1.87. The stock’s 50 day moving average is $2.65 and its 200-day moving average is $2.55.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The company had revenue of $81 million during the quarter, compared to analysts’ expectations of $86.97 million. Clean Energy Fuels Corp. had a net margin of 7.24% and a return on equity of 5.14%. Clean Energy Fuels Corp.’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period last year, the company posted $0.03 earnings per share.

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Several brokerages have commented on CLNE. Zacks Investment Research downgraded shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub raised shares of Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, ValuEngine downgraded shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Clean Energy Fuels Corp. currently has a consensus rating of “Hold” and a consensus price target of $4.53.

In related news, CEO Andrew J. Littlefair bought 43,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $2.29 per share, with a total value of $98,470.00. Following the completion of the purchase, the chief executive officer now owns 1,355,167 shares of the company’s stock, valued at approximately $3,103,332.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen Scully bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $2.49 per share, with a total value of $49,800.00. The disclosure for this purchase can be found here. Insiders have purchased 105,500 shares of company stock valued at $244,170 over the last ninety days. 26.69% of the stock is currently owned by corporate insiders.

Clean Energy Fuels Corp. Company Profile

Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.

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Institutional Ownership by Quarter for Clean Energy Fuels Corp. (NASDAQ:CLNE)

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