Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Given Average Recommendation of “Buy” by Analysts

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have been given an average recommendation of “Buy” by the five analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $24.75.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Capital Clean Energy Carriers during the second quarter valued at about $127,000. Squarepoint Ops LLC bought a new position in Capital Clean Energy Carriers in the 3rd quarter valued at about $382,000. Geode Capital Management LLC grew its position in 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 valued at $414,000 after buying an additional 1,621 shares in the last quarter. Millennium Management LLC increased its stake in 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 buying an additional 651 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Capital Clean Energy Carriers by 59.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock valued at $3,065,000 after buying an additional 49,075 shares during the period.

Capital Clean Energy Carriers Stock Performance

Shares of CCEC opened at $22.75 on Friday. Capital Clean Energy Carriers has a 1 year low of $16.77 and a 1 year high of $24.00. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 12.23 and a beta of 0.63. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.38 and a current ratio of 1.15. The firm has a fifty day moving average of $21.96 and a 200-day moving average of $21.34.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.32 by $0.16. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%. The business had revenue of $104.90 million during the quarter, compared to analyst estimates of $106.10 million. As a group, equities analysts anticipate that Capital Clean Energy Carriers will post 1.92 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

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

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.