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

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the firm, 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 twelve-month price target among brokers that have issued a report on the stock in the last year is $24.75.

A number of brokerages recently issued reports on CCEC. Weiss Ratings upgraded shares of Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Zacks Research upgraded shares of Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Jefferies Financial Group lifted their target price on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th.

Institutional Trading of Capital Clean Energy Carriers

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Capital Clean Energy Carriers in the 2nd quarter valued at $127,000. Squarepoint Ops LLC acquired a new stake in Capital Clean Energy Carriers in the 3rd quarter worth about $382,000. Geode Capital Management LLC raised its position in shares of Capital Clean Energy Carriers by 10.1% in the second 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 raised its holdings in Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after acquiring an additional 651 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Capital Clean Energy Carriers by 59.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock valued at $3,065,000 after purchasing an additional 49,075 shares in the last quarter.

Capital Clean Energy Carriers Price Performance

CCEC opened at $22.31 on Wednesday. The company has a fifty day moving average price of $21.36 and a two-hundred day moving average price of $21.08. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.38 and a current ratio of 1.39. Capital Clean Energy Carriers has a 52 week low of $16.77 and a 52 week high of $24.83. The firm has a market capitalization of $1.30 billion, a PE ratio of 11.80 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly 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 net margin of 28.02% and a return on equity of 6.73%. The company had revenue of $98.01 million during the quarter, compared to analyst estimates of $103.47 million. As a group, analysts anticipate that Capital Clean Energy Carriers will post 1.35 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, May 11th. Capital Clean Energy Carriers’s dividend payout ratio is 31.75%.

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.