Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) Receives Average Rating of "Buy" from Brokerages

Key Points

• Capital Clean Energy Carriers has an average “Buy” rating from five analysts: three Buy, one Strong Buy, and one Hold. The average 12-month price target is $24.75, compared with the reported share price of $22.60.
• The company exceeded quarterly earnings expectations, reporting $0.48 in EPS versus a $0.32 consensus estimate, although revenue of $104.9 million fell slightly short of the $106.1 million forecast.
• Capital Clean Energy Carriers recently paid a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a 2.7% yield; several institutional investors also increased or initiated positions in the stock.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) has earned an average rating of "Buy" from the five research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.75.

A number of equities analysts have weighed in on CCEC shares. Wall Street Zen raised shares of Capital Clean Energy Carriers to a "hold" rating in a research note on Saturday, June 13th. Zacks Research raised shares of Capital Clean Energy Carriers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Jefferies Financial Group restated a "hold" rating and set a $23.00 price objective on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. BTIG Research reiterated a "buy" rating and issued a $25.00 target price on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Capital Clean Energy Carriers from a "hold (c+)" rating to a "buy (b)" rating in a research report on Monday, August 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CCEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 worth $3,224,000 after buying an additional 12,097 shares during the period. Millennium Management LLC raised 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 acquiring an additional 651 shares during the period. Geode Capital Management LLC lifted 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. Squarepoint Ops LLC purchased a new stake in Capital Clean Energy Carriers during the 3rd quarter worth $382,000. Finally, Raymond James Financial Inc. purchased a new stake in Capital Clean Energy Carriers during the 2nd quarter worth $127,000.

Capital Clean Energy Carriers Stock Performance

NASDAQ CCEC opened at $22.60 on Thursday. The business's 50-day moving average price is $22.14 and its 200 day moving average price is $21.44. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.81. Capital Clean Energy Carriers has a twelve month low of $16.77 and a twelve month high of $24.00. The company has a market capitalization of $1.32 billion, a PE ratio of 12.15 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. The company had revenue of $104.90 million during the quarter, compared to analysts' expectations of $106.10 million. Capital Clean Energy Carriers had a return on equity of 6.55% and a net margin of 27.73%. On average, research analysts predict that Capital Clean Energy Carriers will post 1.92 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 Thursday, August 13th. Stockholders of record on Tuesday, August 4th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.7%. Capital Clean Energy Carriers's payout ratio is presently 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.

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