Capital Clean Energy Carriers (NASDAQ:CCEC) Lowered to Strong Sell Rating by Zacks Research

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

Several other brokerages also recently weighed in on CCEC. BTIG Research assumed coverage on shares of Capital Clean Energy Carriers in a research report on Friday, December 19th. They issued a “buy” rating and a $25.00 price objective on the stock. Capital One Financial set a $25.00 price objective on shares of Capital Clean Energy Carriers in a research note on Friday, December 19th. Finally, Weiss Ratings cut shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.33.

Capital Clean Energy Carriers Trading Up 3.6%

Shares of NASDAQ CCEC opened at $20.40 on Thursday. Capital Clean Energy Carriers has a 12-month low of $14.09 and a 12-month high of $24.83. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 7.11 and a beta of 0.66. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The stock’s 50 day simple moving average is $21.55 and its 200 day simple moving average is $21.27.

Capital Clean Energy Carriers Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Capital Clean Energy Carriers by 9.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after acquiring an additional 12,097 shares in the last quarter. Millennium Management LLC boosted its position in shares of Capital Clean Energy Carriers by 2.5% during the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after purchasing an additional 651 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers in the 3rd quarter worth approximately $382,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter worth approximately $127,000.

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. 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.