Principal Financial Group Inc. Sells 4,828 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Principal Financial Group Inc. trimmed its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 28.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,911 shares of the utilities provider’s stock after selling 4,828 shares during the quarter. Principal Financial Group Inc.’s holdings in Clean Energy Fuels were worth $37,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CLNE. Tidal Investments LLC acquired a new position in shares of Clean Energy Fuels during the first quarter valued at about $33,000. Vanguard Group Inc. lifted its position in Clean Energy Fuels by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock valued at $27,071,000 after acquiring an additional 100,271 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Clean Energy Fuels by 33.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 105,763 shares of the utilities provider’s stock valued at $284,000 after purchasing an additional 26,356 shares during the last quarter. SIR Capital Management L.P. increased its holdings in Clean Energy Fuels by 9.8% during the 2nd quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock worth $7,381,000 after purchasing an additional 246,600 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Clean Energy Fuels by 30.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 10,437 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Price Performance

Clean Energy Fuels stock opened at $2.84 on Wednesday. Clean Energy Fuels Corp. has a 52 week low of $2.17 and a 52 week high of $4.13. The company’s 50 day moving average price is $2.93 and its two-hundred day moving average price is $2.83. The stock has a market cap of $634.63 million, a P/E ratio of -9.16 and a beta of 2.12. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $104.90 million for the quarter, compared to analyst estimates of $100.64 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. Clean Energy Fuels’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted ($0.12) earnings per share. On average, equities analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Scotiabank lifted their price objective on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Clean Energy Fuels presently has a consensus rating of “Buy” and an average target price of $5.38.

Clean Energy Fuels Profile

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