Cambridge Trust Co. Has $43,000 Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Cambridge Trust Co. reduced its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 47.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,100 shares of the utilities provider’s stock after selling 10,000 shares during the period. Cambridge Trust Co.’s holdings in Clean Energy Fuels were worth $43,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CLNE. BlackRock Inc. raised its holdings in shares of Clean Energy Fuels by 1.4% during the second quarter. BlackRock Inc. now owns 13,522,092 shares of the utilities provider’s stock worth $67,070,000 after acquiring an additional 184,661 shares during the period. State Street Corp lifted its holdings in shares of Clean Energy Fuels by 19.6% in the second quarter. State Street Corp now owns 12,696,002 shares of the utilities provider’s stock valued at $56,878,000 after purchasing an additional 2,082,455 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Clean Energy Fuels by 16.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,089,049 shares of the utilities provider’s stock worth $43,988,000 after buying an additional 1,435,096 shares during the period. Vanguard Group Inc. raised its position in Clean Energy Fuels by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 9,513,320 shares of the utilities provider’s stock valued at $75,535,000 after buying an additional 177,210 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Clean Energy Fuels by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,490,424 shares of the utilities provider’s stock valued at $17,313,000 after acquiring an additional 113,930 shares in the last quarter. Institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Trading Down 0.9 %

Shares of CLNE opened at $2.22 on Friday. The firm has a 50-day moving average of $2.68 and a 200-day moving average of $3.23. Clean Energy Fuels Corp. has a one year low of $2.18 and a one year high of $5.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.59.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. The business had revenue of $106.86 million during the quarter, compared to the consensus estimate of $106.50 million. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. Sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CLNE. Raymond James decreased their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 3rd. Piper Sandler lowered their price target on shares of Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com raised shares of Clean Energy Fuels to a “sell” rating in a research report on Tuesday, April 9th. Stifel Nicolaus decreased their price objective on Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Finally, Scotiabank dropped their target price on Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.60.

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.