KBC Group NV Has $156,000 Position in Clean Energy Fuels Corp. (CLNE)

KBC Group NV increased its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 24.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,525 shares of the utilities provider’s stock after purchasing an additional 12,087 shares during the quarter. KBC Group NV’s holdings in Clean Energy Fuels Corp. were worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY increased its stake in Clean Energy Fuels Corp. by 1.1% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 74,509 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 835 shares in the last quarter. American International Group Inc. increased its stake in Clean Energy Fuels Corp. by 7.7% in the 1st quarter. American International Group Inc. now owns 54,273 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 3,864 shares in the last quarter. Bank of America Corp DE increased its stake in Clean Energy Fuels Corp. by 12.4% in the 1st quarter. Bank of America Corp DE now owns 57,958 shares of the utilities provider’s stock worth $148,000 after purchasing an additional 6,407 shares in the last quarter. Brave Asset Management Inc. increased its stake in Clean Energy Fuels Corp. by 19.2% in the 2nd quarter. Brave Asset Management Inc. now owns 43,500 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Alambic Investment Management L.P. increased its stake in Clean Energy Fuels Corp. by 8.2% in the 1st quarter. Alambic Investment Management L.P. now owns 134,208 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 10,183 shares in the last quarter. 34.43% of the stock is currently owned by hedge funds and other institutional investors.

CLNE has been the topic of a number of analyst reports. Zacks Investment Research cut Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine cut Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Clean Energy Fuels Corp. presently has an average rating of “Hold” and an average target price of $4.53.

Clean Energy Fuels Corp. (NASDAQ CLNE) opened at 2.49 on Tuesday. The stock has a market cap of $375.77 million, a PE ratio of 13.53 and a beta of 1.90. Clean Energy Fuels Corp. has a 52 week low of $2.18 and a 52 week high of $4.63. The company has a 50-day moving average price of $2.46 and a 200-day moving average price of $2.51.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $81 million during the quarter, compared to the consensus estimate of $86.97 million. Clean Energy Fuels Corp. had a return on equity of 5.14% and a net margin of 7.24%. The firm’s revenue was down 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. Analysts anticipate that Clean Energy Fuels Corp. will post $0.03 earnings per share for the current year.

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In other Clean Energy Fuels Corp. news, CEO Andrew J. Littlefair purchased 43,000 shares of the stock in a transaction on Monday, August 7th. The stock was bought at an average cost of $2.29 per share, for a total transaction of $98,470.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,355,167 shares of the company’s stock, valued at $3,103,332.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert M. Vreeland purchased 11,500 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $2.32 per share, with a total value of $26,680.00. Following the completion of the acquisition, the chief financial officer now directly owns 170,654 shares of the company’s stock, valued at $395,917.28. The disclosure for this purchase can be found here. Insiders purchased 64,500 shares of company stock valued at $148,050 in the last quarter. 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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