Capital Clean Energy Carriers Corp. (NASDAQ:CCEC – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $21.68, but opened at $20.73. Capital Clean Energy Carriers shares last traded at $22.08, with a volume of 1,413 shares.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Zacks Research raised Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Jefferies Financial Group upped their target price 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. Wall Street Zen upgraded Capital Clean Energy Carriers to a “hold” rating in a research report on Saturday, June 13th. Finally, 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. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.75.
Check Out Our Latest Report on Capital Clean Energy Carriers
Capital Clean Energy Carriers Stock Performance
Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.30 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 business had revenue of $98.01 million for the quarter, compared to analyst estimates of $103.47 million. On average, analysts expect that Capital Clean Energy Carriers Corp. will post 1.35 EPS for the current year.
Capital Clean Energy Carriers Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is currently 31.75%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of CCEC. Millennium Management LLC boosted its holdings in Capital Clean Energy Carriers by 2.5% in 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 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 during the last quarter. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers during the 2nd quarter worth approximately $127,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Capital Clean Energy Carriers by 9.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after purchasing an additional 12,097 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers in the 3rd quarter worth approximately $382,000.
Capital Clean Energy Carriers Company Profile
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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