Moors & Cabot Inc. Buys 205,600 Shares of Clean Energy Fuels Corp (NASDAQ:CLNE)

Moors & Cabot Inc. raised its stake in shares of Clean Energy Fuels Corp (NASDAQ:CLNE) by 136.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,500 shares of the utilities provider’s stock after buying an additional 205,600 shares during the period. Moors & Cabot Inc. owned 0.17% of Clean Energy Fuels worth $948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CLNE. Dimensional Fund Advisors LP grew its position in shares of Clean Energy Fuels by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,696,552 shares of the utilities provider’s stock valued at $18,398,000 after purchasing an additional 232,198 shares during the last quarter. BlackRock Inc. grew its position in Clean Energy Fuels by 5.8% during the fourth quarter. BlackRock Inc. now owns 9,555,869 shares of the utilities provider’s stock worth $16,436,000 after buying an additional 528,045 shares in the last quarter. Northern Trust Corp grew its position in Clean Energy Fuels by 1.9% during the fourth quarter. Northern Trust Corp now owns 1,635,848 shares of the utilities provider’s stock worth $2,815,000 after buying an additional 30,811 shares in the last quarter. Geode Capital Management LLC grew its position in Clean Energy Fuels by 11.0% during the fourth quarter. Geode Capital Management LLC now owns 1,609,843 shares of the utilities provider’s stock worth $2,768,000 after buying an additional 159,582 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Clean Energy Fuels by 28.7% during the fourth quarter. Bank of New York Mellon Corp now owns 654,752 shares of the utilities provider’s stock worth $1,126,000 after buying an additional 145,970 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

CLNE traded up $0.06 during midday trading on Wednesday, reaching $2.77. 4,031 shares of the company’s stock were exchanged, compared to its average volume of 570,058. The company has a market cap of $548.47 million, a price-to-earnings ratio of -45.17 and a beta of 1.93. The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.20. Clean Energy Fuels Corp has a one year low of $1.61 and a one year high of $3.47. The company’s 50-day moving average is $2.63.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $77.70 million during the quarter. Clean Energy Fuels had a negative net margin of 8.38% and a negative return on equity of 5.43%. Analysts predict that Clean Energy Fuels Corp will post -0.12 EPS for the current fiscal year.

CLNE has been the topic of a number of recent research reports. BidaskClub raised WSFS Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, Zacks Investment Research cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

About Clean Energy Fuels

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.

Further Reading: Treasury Bonds

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

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