Bank of New York Mellon Corp boosted its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 690,678 shares of the utilities provider’s stock after acquiring an additional 84,325 shares during the quarter. Bank of New York Mellon Corp owned 0.46% of Clean Energy Fuels Corp. worth $1,754,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brave Asset Management Inc. raised its holdings in Clean Energy Fuels Corp. by 19.2% in the second quarter. Brave Asset Management Inc. now owns 43,500 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 7,000 shares in the last quarter. KBC Group NV acquired a new stake in Clean Energy Fuels Corp. in the first quarter valued at approximately $126,000. American International Group Inc. raised its holdings in Clean Energy Fuels Corp. by 7.7% in the first quarter. American International Group Inc. now owns 54,273 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 3,864 shares in the last quarter. Bank of America Corp DE raised its holdings in Clean Energy Fuels Corp. by 12.4% in the first quarter. Bank of America Corp DE now owns 57,958 shares of the utilities provider’s stock valued at $148,000 after acquiring an additional 6,407 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Clean Energy Fuels Corp. by 97.6% in the first quarter. Jane Street Group LLC now owns 60,438 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 29,857 shares in the last quarter. 34.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Clean Energy Fuels Corp. (CLNE) opened at 2.36 on Wednesday. Clean Energy Fuels Corp. has a one year low of $2.18 and a one year high of $4.44. The firm has a market cap of $356.15 million, a PE ratio of 12.83 and a beta of 1.91. The company has a 50-day moving average of $2.44 and a 200 day moving average of $2.50.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $81.00 million during the quarter, compared to analysts’ expectations of $86.97 million. Clean Energy Fuels Corp. had a return on equity of 5.14% and a net margin of 7.24%. Clean Energy Fuels Corp.’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. On average, equities research analysts expect that Clean Energy Fuels Corp. will post $0.04 EPS for the current fiscal year.

Several brokerages recently weighed in on CLNE. BidaskClub cut shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.

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In related news, CEO Andrew J. Littlefair purchased 43,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $2.29 per share, for a total transaction of $98,470.00. Following the acquisition, the chief executive officer now directly owns 1,355,167 shares in the company, valued at $3,103,332.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert M. Vreeland purchased 11,500 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $2.32 per share, with a total value of $26,680.00. Following the acquisition, the chief financial officer now owns 170,654 shares in the company, valued at $395,917.28. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 64,500 shares of company stock valued at $148,050. 26.69% of the stock is owned by company insiders.

About Clean Energy Fuels Corp.

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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