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

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have been given an average rating of “Buy” by the five research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $24.75.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Capital Clean Energy Carriers during the second quarter valued at $127,000. Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers in the 3rd quarter worth about $382,000. Geode Capital Management LLC lifted its stake 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 valued at $414,000 after acquiring an additional 1,621 shares during the period. Millennium Management LLC lifted 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 acquiring an additional 651 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 acquiring an additional 49,075 shares during the last quarter.

Capital Clean Energy Carriers Price Performance

CCEC opened at $22.65 on Thursday. The stock has a 50-day moving average price of $22.40 and a 200-day moving average price of $21.50. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.15 and a quick ratio of 1.13. The firm has a market cap of $1.32 billion, a PE ratio of 12.18 and a beta of 0.63. Capital Clean Energy Carriers has a 1 year low of $16.77 and a 1 year high of $24.00.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $106.10 million. Sell-side analysts predict that Capital Clean Energy Carriers will post 1.92 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th were paid a $0.15 dividend. The ex-dividend date 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 currently 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.