Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Receives $24.75 Consensus PT from Analysts

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has earned an average recommendation of “Buy” from the five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.75.

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

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers in the 3rd quarter worth about $382,000. Millennium Management LLC boosted its holdings in shares of Capital Clean Energy Carriers by 2.5% in the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after buying an additional 651 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Capital Clean Energy Carriers by 9.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after acquiring an additional 12,097 shares in the last quarter. Geode Capital Management LLC increased 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 worth $414,000 after acquiring an additional 1,621 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Capital Clean Energy Carriers during the second quarter valued at approximately $127,000.

Capital Clean Energy Carriers Price Performance

NASDAQ:CCEC opened at $22.47 on Friday. 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’s 50-day moving average price is $21.95 and its 200 day moving average price is $21.31. Capital Clean Energy Carriers has a 52-week low of $16.77 and a 52-week high of $24.00. The firm has a market cap of $1.31 billion, a P/E ratio of 12.08 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued 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 net margin of 27.73% and a return on equity of 6.61%. The company had revenue of $102.65 million during the quarter, compared to the consensus estimate of $106.10 million. As a group, 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend 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 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.