California Public Employees Retirement System continued to hold its stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 189,500 shares of the utilities provider’s stock at the end of the second quarter. California Public Employees Retirement System owned about 0.13% of Clean Energy Fuels Corp. worth $481,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Clean Energy Fuels Corp. by 8.2% in the 2nd 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. Dimensional Fund Advisors LP grew its position in Clean Energy Fuels Corp. by 26.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,938,763 shares of the utilities provider’s stock worth $12,594,000 after purchasing an additional 1,034,552 shares during the period. Northern Trust Corp grew its position in Clean Energy Fuels Corp. by 36.9% during the 2nd quarter. Northern Trust Corp now owns 1,517,815 shares of the utilities provider’s stock worth $3,855,000 after purchasing an additional 409,351 shares during the period. TIAA CREF Investment Management LLC grew its position in Clean Energy Fuels Corp. by 18.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,452,396 shares of the utilities provider’s stock worth $3,689,000 after purchasing an additional 228,553 shares during the period. Finally, Teachers Advisors LLC grew its position in Clean Energy Fuels Corp. by 14.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,025,492 shares of the utilities provider’s stock worth $2,605,000 after purchasing an additional 128,470 shares during the period. Institutional investors own 34.43% of the company’s stock.

Several equities research analysts have weighed in on the company. BidaskClub downgraded Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised Clean Energy Fuels Corp. 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 downgraded Clean Energy Fuels Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th.

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Shares of Clean Energy Fuels Corp. (NASDAQ CLNE) opened at $2.20 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.52 and a quick ratio of 3.05. Clean Energy Fuels Corp. has a 12-month low of $1.96 and a 12-month high of $3.74.

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

About Clean Energy Fuels Corp.

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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