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

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

Separately, Raymond James initiated coverage on shares of Capital Clean Energy Carriers in a report on Friday, January 24th. They issued an “outperform” rating and a $26.00 target price for the company.

Capital Clean Energy Carriers Price Performance

Shares of NASDAQ:CCEC opened at $18.33 on Monday. Capital Clean Energy Carriers has a 1 year low of $14.45 and a 1 year high of $20.26. The company has a market capitalization of $1.07 billion, a PE ratio of 7.16 and a beta of 0.83. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.68 and a quick ratio of 1.66. The company has a 50 day moving average price of $18.51.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Capital Clean Energy Carriers had a return on equity of 9.99% and a net margin of 46.85%. As a group, analysts anticipate that Capital Clean Energy Carriers will post 1.67 EPS for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Thursday, February 6th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.60 dividend on an annualized basis and a yield of 3.27%. Capital Clean Energy Carriers’s dividend payout ratio is currently 23.44%.

Institutional Trading of Capital Clean Energy Carriers

A number of hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Capital Clean Energy Carriers by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock valued at $281,000 after buying an additional 1,058 shares during the period. LPL Financial LLC grew its holdings in Capital Clean Energy Carriers by 2.7% during the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $932,000 after acquiring an additional 1,339 shares during the last quarter. Larson Financial Group LLC acquired a new position in Capital Clean Energy Carriers in the 4th quarter valued at approximately $41,000. Finally, RBF Capital LLC bought a new position in shares of Capital Clean Energy Carriers during the third quarter valued at $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.