Capital Clean Energy Carriers (NASDAQ:CCEC) Research Coverage Started at BTIG Research

BTIG Research began coverage on shares of Capital Clean Energy Carriers (NASDAQ:CCEC) in a research report report published on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $25.00 price objective on the stock.

Other research analysts also recently issued research reports about the stock. Capital One Financial set a $25.00 target price on shares of Capital Clean Energy Carriers in a research note on Friday. Evercore ISI decreased their price objective on shares of Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research report on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital Clean Energy Carriers has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Capital Clean Energy Carriers Trading Down 1.7%

NASDAQ CCEC opened at $20.96 on Friday. Capital Clean Energy Carriers has a 12 month low of $14.09 and a 12 month high of $24.83. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57. The stock’s fifty day moving average price is $20.92 and its 200-day moving average price is $21.91. The stock has a market cap of $1.22 billion, a P/E ratio of 5.24 and a beta of 0.64.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. The company had revenue of $99.51 million for the quarter, compared to analysts’ expectations of $105.91 million. As a group, equities analysts forecast that Capital Clean Energy Carriers will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 6th. Capital Clean Energy Carriers’s payout ratio is presently 15.00%.

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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Capital Clean Energy Carriers by 59.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after purchasing an additional 49,075 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Capital Clean Energy Carriers in the third quarter worth $382,000. MGO One Seven LLC purchased a new stake in Capital Clean Energy Carriers during the second quarter valued at $216,000. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers in the second quarter valued at about $127,000. Finally, Geode Capital Management LLC lifted its holdings 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 valued at $414,000 after acquiring an additional 1,621 shares during the period.

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.