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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has received a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $24.75.

A number of research analysts have issued reports on CCEC shares. Wall Street Zen raised shares of Capital Clean Energy Carriers to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings raised 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 lifted their price objective on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Zacks Research raised Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th.

Capital Clean Energy Carriers Trading Up 1.5%

Shares of CCEC stock opened at $22.32 on Wednesday. The business’s fifty day moving average price is $21.30 and its 200 day moving average price is $21.06. The firm has a market capitalization of $1.30 billion, a PE ratio of 11.81 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 1-year low of $16.77 and a 1-year high of $24.83.

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

Capital Clean Energy Carriers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 11th. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. Capital Clean Energy Carriers’s payout ratio is presently 31.75%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CCEC. Millennium Management LLC lifted its stake in Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after buying an additional 651 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Capital Clean Energy Carriers in the third quarter valued at $382,000. Raymond James Financial Inc. acquired a new stake in shares of Capital Clean Energy Carriers during the second quarter valued at $127,000. Finally, Geode Capital Management LLC increased its position in Capital Clean Energy Carriers by 10.1% during the 2nd 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 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.