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

JPMorgan Chase & Co. grew its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 765.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,457,876 shares of the utilities provider’s stock after acquiring an additional 2,173,771 shares during the quarter. JPMorgan Chase & Co.’s holdings in Clean Energy Fuels were worth $6,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CLNE. NewEdge Advisors LLC lifted its holdings in shares of Clean Energy Fuels by 1,419,900.0% in the 2nd quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 14,199 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Clean Energy Fuels by 140.2% during the second quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider’s stock worth $29,000 after buying an additional 8,738 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock worth $29,000 after buying an additional 5,254 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Clean Energy Fuels in the third quarter valued at $31,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Clean Energy Fuels in the third quarter valued at $48,000. 49.94% of the stock is owned by institutional investors and hedge funds.

Clean Energy Fuels Trading Down 3.9%

Shares of Clean Energy Fuels stock opened at $2.48 on Wednesday. The stock has a fifty day simple moving average of $2.37 and a 200 day simple moving average of $2.41. Clean Energy Fuels Corp. has a 12-month low of $1.30 and a 12-month high of $3.11. The company has a market capitalization of $544.19 million, a P/E ratio of -2.48 and a beta of 2.15. The company has a current ratio of 2.32, a quick ratio of 2.03 and a debt-to-equity ratio of 0.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Clean Energy Fuels currently has a consensus rating of “Hold” and a consensus price target of $3.49.

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.