Capital Clean Energy Carriers (NASDAQ:CCEC) Upgraded by BTIG Research to Strong-Buy Rating

BTIG Research upgraded shares of Capital Clean Energy Carriers (NASDAQ:CCEC) to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

Several other analysts also recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research note on Tuesday, October 14th. Evercore ISI cut their price target on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Capital One Financial set a $25.00 price objective on Capital Clean Energy Carriers in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital Clean Energy Carriers presently has a consensus rating of “Buy” and an average target price of $25.50.

Capital Clean Energy Carriers Stock Performance

Shares of CCEC stock opened at $20.96 on Friday. The firm has a 50 day moving average of $20.92 and a 200-day moving average of $21.92. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 5.24 and a beta of 0.64. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 1.57. Capital Clean Energy Carriers has a 52 week low of $14.09 and a 52 week high of $24.83.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its earnings results on Tuesday, November 4th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $99.51 million for the quarter, compared to analyst estimates of $105.91 million. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. On average, equities analysts forecast that Capital Clean Energy Carriers will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, February 6th. Capital Clean Energy Carriers’s payout ratio is currently 15.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CCEC. MGO One Seven LLC bought a new stake in Capital Clean Energy Carriers during the second quarter worth $216,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Capital Clean Energy Carriers by 9.2% during 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 acquiring an additional 12,097 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 1,621 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers during the 3rd quarter worth $382,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter worth $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.