Capital Clean Energy Carriers (NASDAQ:CCEC) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Capital Clean Energy Carriers (NASDAQ:CCEC) from a hold rating to a strong sell rating in a report issued on Thursday morning,Zacks.com reports.

Other analysts have also issued reports about the company. BTIG Research assumed coverage on Capital Clean Energy Carriers in a research report on Friday, December 19th. They set a “buy” rating and a $25.00 target price on the stock. Weiss Ratings lowered Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, January 23rd. Finally, Capital One Financial set a $25.00 price target on Capital Clean Energy Carriers in a report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.33.

Capital Clean Energy Carriers Stock Up 3.6%

CCEC stock opened at $20.40 on Thursday. The company has a market cap of $1.19 billion, a P/E ratio of 7.11 and a beta of 0.66. The company’s 50-day moving average price is $21.55 and its 200 day moving average price is $21.27. Capital Clean Energy Carriers has a 52 week low of $14.09 and a 52 week high of $24.83. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $0.60 annualized dividend and a yield of 2.9%. Capital Clean Energy Carriers’s dividend payout ratio is 20.91%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in shares of Capital Clean Energy Carriers by 2.5% during the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after purchasing an additional 651 shares during the last quarter. MGO One Seven LLC boosted its position in Capital Clean Energy Carriers by 11.8% during the 3rd quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock valued at $232,000 after purchasing an additional 1,087 shares during the period. Geode Capital Management LLC boosted its position in Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after purchasing an additional 1,621 shares during the period. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers during the 2nd quarter worth $127,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Capital Clean Energy Carriers by 9.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after buying an additional 12,097 shares during the last quarter.

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. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.