Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Receives Consensus Recommendation of “Hold” from Analysts

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $24.75.

A number of equities research analysts have weighed in on the stock. Weiss Ratings raised shares of Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Zacks Research raised shares of Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of Capital Clean Energy Carriers to a “hold” rating in a report on Saturday, June 13th. Finally, Jefferies Financial Group boosted their target price on shares of Capital Clean Energy Carriers from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Monday, May 4th.

Capital Clean Energy Carriers Trading Down 3.5%

CCEC opened at $20.48 on Friday. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week high of $24.83. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.39 and a quick ratio of 1.38. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.83 and a beta of 0.61. The company’s 50 day moving average price is $20.93 and its two-hundred day moving average price is $21.03.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). Capital Clean Energy Carriers had a return on equity of 6.73% and a net margin of 28.02%.The business had revenue of $98.01 million for the quarter, compared to the consensus estimate of $103.48 million. As a group, research analysts predict that Capital Clean Energy Carriers will post 1.35 earnings per share for the current year.

Capital Clean Energy Carriers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were given a $0.15 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. Capital Clean Energy Carriers’s payout ratio is 31.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Capital Clean Energy Carriers by 9.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after purchasing an additional 12,097 shares during the period. Millennium Management LLC lifted its position in shares of Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after purchasing an additional 651 shares during the period. Geode Capital Management LLC lifted its position in shares of Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock worth $414,000 after purchasing an additional 1,621 shares during the period. 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. acquired a new position 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.