Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Rating Lowered by Fearnley Fonds

Fearnley Fonds lowered shares of Capital Clean Energy Carriers (NASDAQ:CCEC - Free Report) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Separately, Raymond James initiated coverage on Capital Clean Energy Carriers in a research note on Friday, January 24th. They set an "outperform" rating and a $26.00 target price for the company.

Capital Clean Energy Carriers Stock Down 1.9 %

NASDAQ CCEC traded down $0.35 during trading on Monday, reaching $18.12. 8,987 shares of the stock traded hands, compared to its average volume of 13,875. The firm's 50-day moving average is $18.51. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.08 and a beta of 0.83. Capital Clean Energy Carriers has a fifty-two week low of $14.45 and a fifty-two week high of $20.26.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.36 EPS for the quarter, meeting analysts' consensus estimates of $0.36. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. Analysts anticipate that Capital Clean Energy Carriers will post 1.66 EPS for the current fiscal year.

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Capital Clean Energy Carriers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Thursday, February 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.31%. Capital Clean Energy Carriers's payout ratio is presently 23.44%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Capital Clean Energy Carriers by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 15,362 shares of the company's stock worth $281,000 after buying an additional 1,058 shares in the last quarter. LPL Financial LLC boosted its position in Capital Clean Energy Carriers by 2.7% during the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company's stock valued at $932,000 after purchasing an additional 1,339 shares during the last quarter. Larson Financial Group LLC acquired a new position in Capital Clean Energy Carriers during the fourth quarter valued at approximately $41,000. Finally, RBF Capital LLC bought a new position in Capital Clean Energy Carriers in the third quarter valued at approximately $195,000.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.