Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Receives $24.75 Average PT from Brokerages

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has been given an average rating of “Buy” by the five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.75.

Several research analysts have recently weighed in on CCEC shares. Zacks Research upgraded Capital Clean Energy Carriers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. BTIG Research reaffirmed a “buy” rating and issued a $25.00 price target on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. Weiss Ratings upgraded Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Wall Street Zen raised Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $23.00 target price on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd.

Capital Clean Energy Carriers Stock Performance

NASDAQ:CCEC opened at $22.72 on Thursday. The company has a market cap of $1.33 billion, a P/E ratio of 12.22 and a beta of 0.63. Capital Clean Energy Carriers has a twelve month low of $16.77 and a twelve month high of $24.00. The company’s 50-day moving average price is $22.25 and its 200-day moving average price is $21.46. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.81.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.16. The company had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $106.10 million. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%. On average, sell-side analysts forecast that Capital Clean Energy Carriers will post 1.92 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.6%. Capital Clean Energy Carriers’s payout ratio is presently 32.26%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A number of hedge funds have recently modified their holdings of the company. Millennium Management LLC increased its position in Capital Clean Energy Carriers by 2.5% during the fourth 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 valued at $3,224,000 after purchasing an additional 12,097 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Capital Clean Energy Carriers in the 3rd quarter valued at approximately $382,000. Raymond James Financial Inc. purchased a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter valued at approximately $127,000. Finally, Geode Capital Management LLC increased its holdings 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 worth $414,000 after buying an additional 1,621 shares during the last quarter.

About Capital Clean Energy Carriers

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.