Zimmer Partners LP Sells 6,489 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Zimmer Partners LP cut its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 525,000 shares of the utilities provider’s stock after selling 6,489 shares during the period. Zimmer Partners LP’s holdings in Clean Energy Fuels were worth $1,407,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Tidal Investments LLC acquired a new stake in shares of Clean Energy Fuels in the first quarter valued at approximately $33,000. Caxton Associates LP boosted its holdings in shares of Clean Energy Fuels by 82.6% during the first quarter. Caxton Associates LP now owns 171,911 shares of the utilities provider’s stock worth $461,000 after acquiring an additional 77,744 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Clean Energy Fuels by 33.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 105,763 shares of the utilities provider’s stock worth $284,000 after acquiring an additional 26,356 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Clean Energy Fuels by 14.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 236,715 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 29,861 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Clean Energy Fuels by 30.6% during 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 period. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Price Performance

Shares of CLNE stock traded down $0.09 on Thursday, reaching $2.76. The company had a trading volume of 2,157,224 shares, compared to its average volume of 1,670,919. The business’s 50-day moving average is $2.67 and its 200 day moving average is $2.70. Clean Energy Fuels Corp. has a one year low of $2.17 and a one year high of $4.93. The company has a quick ratio of 2.80, a current ratio of 3.14 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $616.20 million, a PE ratio of -8.14 and a beta of 2.15.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Thursday, May 9th. The utilities provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. The firm had revenue of $103.71 million for the quarter, compared to analyst estimates of $106.63 million. Clean Energy Fuels had a negative net margin of 19.98% and a negative return on equity of 11.09%. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLNE has been the topic of a number of research reports. Raymond James decreased their price objective on Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a report 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 report on Thursday, April 18th. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a research note on Monday, May 13th. Finally, Scotiabank decreased their target price on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.