Capital Clean Energy Carriers’ (CCEC) “Buy” Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of Capital Clean Energy Carriers (NASDAQ:CCEC) in a report released on Wednesday,Benzinga reports. They currently have a $25.00 target price on the stock.

Several other equities analysts have also recently issued reports on CCEC. Wall Street Zen upgraded Capital Clean Energy Carriers to a “hold” rating in a research report on Saturday, June 13th. Jefferies Financial Group boosted their target price on shares of Capital Clean Energy Carriers from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Weiss Ratings raised Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Finally, Zacks Research raised Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.75.

Capital Clean Energy Carriers Stock Performance

Shares of CCEC stock opened at $22.28 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 1.53. The business has a 50 day moving average of $21.92 and a two-hundred day moving average of $21.28. The company has a market cap of $1.30 billion, a P/E ratio of 11.98 and a beta of 0.63. Capital Clean Energy Carriers has a 52 week low of $16.77 and a 52 week high of $24.00.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.16. Capital Clean Energy Carriers had a return on equity of 6.61% and a net margin of 27.73%.The company had revenue of $102.65 million for the quarter, compared to analysts’ expectations of $106.10 million. As a group, analysts anticipate that Capital Clean Energy Carriers will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Tuesday, August 4th will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.7%. Capital Clean Energy Carriers’s payout ratio is presently 32.26%.

Institutional Trading of Capital Clean Energy Carriers

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