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

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCECGet Free Report) have been given an average rating of “Buy” by the five brokerages that are covering the stock, Marketbeat Ratings reports. One 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 target price among brokerages that have updated their coverage on the stock in the last year is $24.75.

Several equities research analysts recently issued reports on CCEC shares. Zacks Research upgraded Capital Clean Energy Carriers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a $23.00 target price on shares of Capital Clean Energy Carriers in a report on Monday, August 3rd. BTIG Research restated a “buy” rating and issued a $25.00 target price 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. Finally, 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.

Get Our Latest Stock Analysis on Capital Clean Energy Carriers

Capital Clean Energy Carriers Stock Down 1.7%

Shares of NASDAQ CCEC opened at $22.37 on Friday. The company’s 50-day simple moving average is $21.96 and its 200-day simple moving average is $21.34. Capital Clean Energy Carriers has a 52-week low of $16.77 and a 52-week high of $24.00. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 12.03 and a beta of 0.63. The company has a quick ratio of 1.38, a current ratio of 1.15 and a debt-to-equity ratio of 1.81.

Capital Clean Energy Carriers (NASDAQ:CCECGet Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Capital Clean Energy Carriers had a net margin of 27.73% and a return on equity of 6.55%. The business had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $106.10 million. Equities analysts predict that Capital Clean Energy Carriers will post 1.92 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Tuesday, August 4th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 4th. Capital Clean Energy Carriers’s payout ratio is 32.26%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A number of hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Capital Clean Energy Carriers in the second quarter worth about $127,000. Squarepoint Ops LLC purchased a new stake in Capital Clean Energy Carriers during the 3rd quarter valued at about $382,000. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 1,621 shares during the last quarter. Millennium Management LLC raised its holdings 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 valued at $547,000 after acquiring an additional 651 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Capital Clean Energy Carriers by 59.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock worth $3,065,000 after purchasing an additional 49,075 shares in the last quarter.

About Capital Clean Energy Carriers

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Capital Clean Energy Carriers (NASDAQ:CCEC)

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