The Manufacturers Life Insurance Company Purchases 36,257 Shares of Clean Energy Fuels Corp. (CLNE)

The Manufacturers Life Insurance Company grew its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 46.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,281 shares of the utilities provider’s stock after buying an additional 36,257 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Clean Energy Fuels worth $290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Clean Energy Fuels by 19.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 472,455 shares of the utilities provider’s stock valued at $1,201,000 after buying an additional 78,007 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Clean Energy Fuels by 18.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,452,396 shares of the utilities provider’s stock valued at $3,689,000 after buying an additional 228,553 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Clean Energy Fuels by 48.1% during the 2nd quarter. Rhumbline Advisers now owns 160,278 shares of the utilities provider’s stock valued at $407,000 after buying an additional 52,029 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Clean Energy Fuels by 50.3% during the 2nd quarter. Nationwide Fund Advisors now owns 360,287 shares of the utilities provider’s stock valued at $915,000 after buying an additional 120,605 shares during the last quarter. Finally, Sicart Associates LLC lifted its position in shares of Clean Energy Fuels by 13.8% during the 2nd quarter. Sicart Associates LLC now owns 402,900 shares of the utilities provider’s stock valued at $1,023,000 after buying an additional 48,900 shares during the last quarter. 35.49% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Corp. (NASDAQ CLNE) opened at $2.16 on Tuesday. The company has a current ratio of 3.52, a quick ratio of 3.05 and a debt-to-equity ratio of 0.48. Clean Energy Fuels Corp. has a 1 year low of $1.96 and a 1 year high of $3.60.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.49). Clean Energy Fuels had a negative net margin of 15.47% and a negative return on equity of 10.52%. The company had revenue of $81.80 million for the quarter, compared to the consensus estimate of $85.43 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.44 earnings per share for the current year.

A number of brokerages have recently commented on CLNE. BidaskClub cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research raised Clean Energy Fuels from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Monday, August 7th. Finally, ValuEngine cut Clean Energy Fuels from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th.

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Clean Energy Fuels 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.

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

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