Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Receives Consensus Rating of “Hold” from Analysts

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has received a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $24.75.

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

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCEC. Millennium Management LLC boosted its position 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. boosted 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 buying an additional 12,097 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Capital Clean Energy Carriers in the third quarter worth about $382,000. Raymond James Financial Inc. purchased a new stake in shares of Capital Clean Energy Carriers in the second quarter worth about $127,000. Finally, Geode Capital Management LLC boosted 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 buying an additional 1,621 shares during the period.

Capital Clean Energy Carriers Stock Performance

Shares of CCEC stock opened at $20.03 on Friday. The stock has a fifty day moving average price of $20.99 and a 200 day moving average price of $21.02. The stock has a market cap of $1.17 billion, a PE ratio of 10.60 and a beta of 0.61. Capital Clean Energy Carriers has a 1 year low of $16.77 and a 1 year high of $24.83. 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 (NASDAQ:CCEC) last released 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 return on equity of 6.73% and a net margin of 28.02%.The company had revenue of $98.01 million during the quarter, compared to analyst estimates of $103.48 million. Sell-side analysts forecast that Capital Clean Energy Carriers will post 1.35 earnings per share for the current fiscal 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 paid a dividend of $0.15 per share. The ex-dividend date was Monday, May 11th. This represents a $0.60 annualized dividend and a yield of 3.0%. Capital Clean Energy Carriers’s dividend payout ratio is currently 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.