Dimensional Fund Advisors LP Buys 1,342,311 Shares of Clean Energy Fuels Corp. (CLNE)

Dimensional Fund Advisors LP raised its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 27.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,281,074 shares of the utilities provider’s stock after acquiring an additional 1,342,311 shares during the period. Dimensional Fund Advisors LP owned approximately 4.17% of Clean Energy Fuels Corp. worth $15,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Clean Energy Fuels Corp. by 8.2% in the second quarter. Vanguard Group Inc. now owns 10,419,084 shares of the utilities provider’s stock worth $26,464,000 after acquiring an additional 792,870 shares during the last quarter. Northern Trust Corp grew its stake in shares of Clean Energy Fuels Corp. by 36.9% in the second quarter. Northern Trust Corp now owns 1,517,815 shares of the utilities provider’s stock worth $3,855,000 after acquiring an additional 409,351 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Clean Energy Fuels Corp. by 18.7% in the second quarter. TIAA CREF Investment Management LLC now owns 1,452,396 shares of the utilities provider’s stock worth $3,689,000 after acquiring an additional 228,553 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Clean Energy Fuels Corp. by 14.3% in the second quarter. Teachers Advisors LLC now owns 1,025,492 shares of the utilities provider’s stock worth $2,605,000 after acquiring an additional 128,470 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Clean Energy Fuels Corp. by 16.0% during the first quarter. Geode Capital Management LLC now owns 839,332 shares of the utilities provider’s stock valued at $2,140,000 after buying an additional 115,774 shares during the last quarter. 34.12% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on CLNE. ValuEngine cut Clean Energy Fuels Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th. BidaskClub cut Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Monday, August 7th.

Clean Energy Fuels Corp. (CLNE) opened at $2.09 on Friday. Clean Energy Fuels Corp. has a 1-year low of $1.98 and a 1-year high of $3.83. The company has a quick ratio of 3.05, a current ratio of 3.52 and a debt-to-equity ratio of 0.48.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its earnings results on Thursday, November 2nd. The utilities provider reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.49). Clean Energy Fuels Corp. had a negative net margin of 15.47% and a negative return on equity of 10.52%. The firm had revenue of $81.80 million during the quarter, compared to the consensus estimate of $85.43 million. During the same period in the prior year, the company posted ($0.08) EPS. The firm’s revenue was down 15.7% compared to the same quarter last year. equities analysts anticipate that Clean Energy Fuels Corp. will post -0.19 EPS for the current year.

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Clean Energy Fuels Corp. 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 Corp. (NASDAQ:CLNE)

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