J. Derek Lewis & Associates Inc. Purchases New Position in Clean Energy Fuels Corp. $CLNE

J. Derek Lewis & Associates Inc. acquired a new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,864,180 shares of the utilities provider’s stock, valued at approximately $3,915,000. Clean Energy Fuels makes up about 0.9% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 23rd largest position.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of Clean Energy Fuels by 458.4% in the 1st quarter. AQR Capital Management LLC now owns 407,394 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 334,437 shares during the last quarter. Empowered Funds LLC acquired a new position in Clean Energy Fuels during the first quarter worth approximately $579,000. Jane Street Group LLC lifted its stake in Clean Energy Fuels by 13.5% in the first quarter. Jane Street Group LLC now owns 365,564 shares of the utilities provider’s stock valued at $567,000 after buying an additional 43,384 shares during the last quarter. Creative Planning lifted its stake in Clean Energy Fuels by 72.4% in the second quarter. Creative Planning now owns 53,339 shares of the utilities provider’s stock valued at $104,000 after buying an additional 22,400 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Clean Energy Fuels by 6.0% in the second quarter. Franklin Resources Inc. now owns 126,655 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 7,142 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Clean Energy Fuels presently has a consensus rating of “Hold” and a consensus target price of $2.48.

Insiders Place Their Bets

In other Clean Energy Fuels news, Director Andrew J. Littlefair sold 165,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $2.05, for a total value of $338,250.00. Following the transaction, the director directly owned 1,914,993 shares of the company’s stock, valued at approximately $3,925,735.65. The trade was a 7.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.12% of the stock is currently owned by company insiders.

Clean Energy Fuels Stock Performance

NASDAQ CLNE opened at $1.86 on Friday. The firm has a market cap of $409.63 million, a P/E ratio of -4.04 and a beta of 1.86. Clean Energy Fuels Corp. has a 52-week low of $1.75 and a 52-week high of $3.11. The business’s 50-day moving average price is $2.11 and its 200 day moving average price is $2.25. The company has a quick ratio of 2.14, a current ratio of 2.46 and a debt-to-equity ratio of 0.41.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Thursday, May 7th. The utilities provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $117.56 million for the quarter, compared to the consensus estimate of $102.62 million. Clean Energy Fuels had a negative return on equity of 14.04% and a negative net margin of 22.68%.The company’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. On average, equities research analysts expect that Clean Energy Fuels Corp. will post -0.31 earnings per share for the current year.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.