Zimmer Partners LP Has $794,000 Stock Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Zimmer Partners LP lowered its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 45.2% in the 4th quarter, according to 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 period. Zimmer Partners LP owned about 0.14% of Clean Energy Fuels worth $794,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Clean Energy Fuels by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider’s stock worth $23,840,000 after purchasing an additional 124,031 shares during the last quarter. Global Alpha Capital Management Ltd. increased its stake in shares of Clean Energy Fuels by 3.4% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider’s stock valued at $18,555,000 after buying an additional 246,500 shares during the period. SIR Capital Management L.P. raised its position in shares of Clean Energy Fuels by 7.3% during the fourth quarter. SIR Capital Management L.P. now owns 2,520,941 shares of the utilities provider’s stock worth $6,328,000 after acquiring an additional 171,018 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Clean Energy Fuels by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider’s stock worth $3,653,000 after acquiring an additional 12,169 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Clean Energy Fuels by 56.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock worth $3,117,000 after acquiring an additional 450,143 shares during the period. Institutional investors and hedge funds own 49.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CLNE. 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 report on Friday, May 9th. Scotiabank decreased their price objective on shares of Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the company a “buy” rating in a report on Sunday, April 13th. Raymond James reaffirmed a “strong-buy” rating and set a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. Finally, StockNews.com lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Energy Fuels currently has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Insider Activity

In other news, CFO Robert M. Vreeland purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $1.94 per share, with a total value of $29,100.00. Following the purchase, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. This represents a 3.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 35,000 shares of company stock worth $64,100 in the last three months. Company insiders own 4.30% of the company’s stock.

Clean Energy Fuels Stock Performance

NASDAQ:CLNE opened at $1.96 on Wednesday. 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 Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The company has a fifty day moving average of $1.60 and a 200-day moving average of $2.37. The firm has a market capitalization of $433.12 million, a P/E ratio of -6.32 and a beta of 2.57.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.21. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The firm had revenue of $103.76 million during the quarter, compared to the consensus estimate of $96.61 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

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.