Zimmer Partners LP Trims Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Zimmer Partners LP decreased its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 316,470 shares of the utilities provider's stock after selling 261,030 shares during the quarter. Zimmer Partners LP owned 0.14% of Clean Energy Fuels worth $794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Clean Energy Fuels by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider's stock valued at $23,840,000 after purchasing an additional 124,031 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Clean Energy Fuels by 309.5% during the third quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider's stock valued at $2,271,000 after acquiring an additional 551,896 shares in the last quarter. IMC Chicago LLC increased its holdings in Clean Energy Fuels by 7.4% during the 4th quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider's stock worth $329,000 after purchasing an additional 9,021 shares during the period. Barclays PLC lifted its holdings in shares of Clean Energy Fuels by 26.7% in the 4th quarter. Barclays PLC now owns 337,152 shares of the utilities provider's stock worth $846,000 after buying an additional 71,048 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Clean Energy Fuels by 3.2% during the fourth quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider's stock valued at $700,000 after buying an additional 8,731 shares during the period. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Stock Up 0.5%

Shares of CLNE stock traded up $0.01 during mid-day trading on Monday, hitting $1.87. 3,140,687 shares of the stock traded hands, compared to its average volume of 2,135,591. Clean Energy Fuels Corp. has a 52-week low of $1.30 and a 52-week high of $3.67. The stock has a market cap of $413.24 million, a P/E ratio of -6.03 and a beta of 2.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The stock's fifty day moving average is $1.60 and its two-hundred day moving average is $2.34.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.21. The firm had revenue of $103.76 million during the quarter, compared to analyst estimates of $96.61 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. Clean Energy Fuels's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS. Equities analysts predict that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Insider Transactions at Clean Energy Fuels

In related news, CFO Robert M. Vreeland acquired 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $1.94 per share, with a total value of $29,100.00. Following the transaction, the chief financial officer now directly owns 458,800 shares of the company's stock, valued at $890,072. This trade represents a 3.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have acquired 35,000 shares of company stock valued at $64,100. Corporate insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CLNE. Scotiabank dropped their target price on shares of Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Lake Street Capital lowered their price target on shares of Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, May 9th. UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the company a "buy" rating in a report on Sunday, April 13th. Wall Street Zen downgraded shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Energy Fuels currently has an average rating of "Moderate Buy" and an average target price of $3.75.

About Clean Energy Fuels

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.