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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has been given an average recommendation of “Hold” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.75.

A number of research analysts have weighed in on CCEC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital Clean Energy Carriers in a report on Wednesday, April 22nd. Zacks Research upgraded shares of Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Jefferies Financial Group lifted their target price on shares of Capital Clean Energy Carriers from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Capital Clean Energy Carriers to a “hold” rating in a research report on Saturday.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of Capital Clean Energy Carriers by 2.5% during the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after acquiring an additional 651 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Capital Clean Energy Carriers by 10.1% during 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of Capital Clean Energy Carriers during the second quarter valued at approximately $127,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Capital Clean Energy Carriers by 9.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock valued at $3,224,000 after acquiring an additional 12,097 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers during the third quarter valued at approximately $382,000.

Capital Clean Energy Carriers Stock Down 0.7%

CCEC opened at $21.36 on Friday. Capital Clean Energy Carriers has a fifty-two week low of $16.77 and a fifty-two week 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. The company has a fifty day moving average of $20.80 and a two-hundred day moving average of $21.01. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.30 and a beta of 0.61.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings data 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 net margin of 28.02% and a return on equity of 6.73%. The firm had revenue of $98.01 million during the quarter, compared to analysts’ expectations of $103.48 million. On average, research analysts expect that Capital Clean Energy Carriers will post 1.35 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.8%. Capital Clean Energy Carriers’s dividend payout ratio is presently 31.75%.

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.