Analysts Set Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Target Price at $24.75

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) have earned a consensus rating of “Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $24.75.

Several brokerages have recently commented on CCEC. Jefferies Financial Group reaffirmed a “hold” rating and issued a $23.00 target price on shares of Capital Clean Energy Carriers in a research report on Monday, August 3rd. BTIG Research reissued a “buy” rating and set a $25.00 price target on shares of Capital Clean Energy Carriers in a research report on Wednesday, July 29th. Wall Street Zen raised Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded Capital Clean Energy Carriers from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Finally, Zacks Research upgraded Capital Clean Energy Carriers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th.

Institutional Trading of Capital Clean Energy Carriers

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its position 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 worth $547,000 after buying an additional 651 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 valued at $414,000 after acquiring an additional 1,621 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Capital Clean Energy Carriers during the 2nd quarter valued at $127,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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. Finally, Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers in the third quarter worth $382,000.

Capital Clean Energy Carriers Trading Up 0.6%

Capital Clean Energy Carriers stock opened at $22.85 on Thursday. Capital Clean Energy Carriers has a 52 week low of $16.77 and a 52 week high of $24.00. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.13 and a current ratio of 1.15. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.28 and a beta of 0.63. The company has a 50 day moving average price of $22.31 and a 200 day moving average price of $21.48.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its earnings results on Wednesday, July 29th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.16. The company had revenue of $104.90 million for the quarter, compared to the consensus estimate of $106.10 million. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%. Research analysts forecast that Capital Clean Energy Carriers will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 4th. Capital Clean Energy Carriers’s dividend payout ratio is 32.26%.

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.