Brokerages Set Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) PT at $24.75

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $24.75.

A number of research analysts have issued reports on CCEC shares. Jefferies Financial Group boosted their price target on Capital Clean Energy Carriers from $20.00 to $23.00 and gave the company a “hold” rating in a report on Monday, May 4th. Wall Street Zen raised shares of 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. 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.

Capital Clean Energy Carriers Trading Down 0.8%

Shares of NASDAQ:CCEC opened at $22.31 on Wednesday. The business’s 50-day moving average is $21.36 and its 200 day moving average is $21.09. Capital Clean Energy Carriers has a 1 year low of $16.77 and a 1 year high of $24.83. The firm has a market capitalization of $1.30 billion, a P/E ratio of 11.80 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 (NASDAQ:CCEC) last posted 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). 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 analysts’ expectations of $103.47 million. On average, research analysts predict that Capital Clean Energy Carriers will post 1.35 earnings per share for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were paid a $0.15 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 31.75%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Capital Clean Energy Carriers by 59.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after acquiring an additional 49,075 shares during the period. Squarepoint Ops LLC acquired a new stake in Capital Clean Energy Carriers during the third quarter worth about $382,000. Raymond James Financial Inc. acquired a new position in Capital Clean Energy Carriers in the 2nd quarter valued at about $127,000. Geode Capital Management LLC grew its stake in shares of Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after buying an additional 1,621 shares during the period. Finally, Millennium Management LLC grew its stake in shares of 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 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.