Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Given Average Rating of “Hold” by Analysts

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $24.75.

A number of research firms have issued reports on CCEC. Wall Street Zen raised Capital Clean Energy Carriers to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings upgraded shares of Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. 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 research report on Monday, May 4th. Finally, Zacks Research raised shares of Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th.

Institutional Trading of Capital Clean Energy Carriers

A number of hedge funds have recently modified their holdings of CCEC. Raymond James Financial Inc. acquired a new stake in shares of Capital Clean Energy Carriers during the 2nd quarter worth approximately $127,000. Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers in the third quarter valued at $382,000. Geode Capital Management LLC lifted its position 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 purchasing an additional 1,621 shares during the period. Millennium Management LLC lifted its position in 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 purchasing an additional 651 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Capital Clean Energy Carriers by 59.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after buying an additional 49,075 shares in the last quarter.

Capital Clean Energy Carriers Stock Performance

Shares of CCEC opened at $22.68 on Wednesday. The company has a market capitalization of $1.32 billion, a PE ratio of 12.00 and a beta of 0.63. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.39 and a quick ratio of 1.38. Capital Clean Energy Carriers has a one year low of $16.77 and a one year high of $24.83. The company’s fifty day moving average price is $21.45 and its 200 day moving average price is $21.10.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The firm had revenue of $98.01 million for the quarter, compared to the consensus estimate of $103.47 million. Capital Clean Energy Carriers had a net margin of 28.02% and a return on equity of 6.73%. As a group, analysts expect that Capital Clean Energy Carriers will post 1.35 earnings per share for the current year.

Capital Clean Energy Carriers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, May 11th. Capital Clean Energy Carriers’s 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.