Zimmer Partners LP Sells 261,030 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Zimmer Partners LP cut its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 45.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 316,470 shares of the utilities provider’s stock after selling 261,030 shares during the period. Zimmer Partners LP’s holdings in Clean Energy Fuels were worth $794,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Clean Energy Fuels news, CFO Robert M. Vreeland bought 15,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $1.94 per share, with a total value of $29,100.00. Following the acquisition, the chief financial officer now directly owns 458,800 shares of the company’s stock, valued at $890,072. The trade was a 3.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 35,000 shares of company stock valued at $64,100. Company insiders own 4.30% of the company’s stock.

Clean Energy Fuels Trading Down 2.5%

Shares of CLNE opened at $1.96 on Wednesday. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67. The business has a 50-day moving average of $1.60 and a 200 day moving average of $2.37. The firm has a market cap of $433.12 million, a P/E ratio of -6.32 and a beta of 2.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $96.61 million. During the same quarter last year, the business earned ($0.01) earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Raymond James reissued a “strong-buy” rating and issued a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. StockNews.com cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Lake Street Capital reduced their target price 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 target on shares of Clean Energy Fuels and gave the stock a “buy” rating in a report on Sunday, April 13th. Finally, Scotiabank dropped their price objective on Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Energy Fuels has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

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.