Capital Clean Energy Carriers’ (CCEC) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Capital Clean Energy Carriers (NASDAQ:CCEC) in a research report report published on Monday,Benzinga reports. Jefferies Financial Group currently has a $23.00 target price on the stock.

A number of other equities analysts have also recently commented on the company. Zacks Research upgraded Capital Clean Energy Carriers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. 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 shares of Capital Clean Energy Carriers to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of Capital Clean Energy Carriers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Capital Clean Energy Carriers presently has a consensus rating of “Buy” and a consensus price target of $24.75.

Capital Clean Energy Carriers Stock Up 1.6%

Shares of NASDAQ CCEC opened at $22.83 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $21.96 and its two-hundred day moving average is $21.33. 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 $1.33 billion, a price-to-earnings ratio of 12.27 and a beta of 0.63.

Capital Clean Energy Carriers (NASDAQ:CCEC) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.32 by $0.16. Capital Clean Energy Carriers had a return on equity of 6.61% and a net margin of 27.73%.The business had revenue of $104.90 million during the quarter, compared to analyst estimates of $106.10 million. Research analysts predict that Capital Clean Energy Carriers will post 1.92 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Tuesday, August 4th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.6%. Capital Clean Energy Carriers’s dividend payout ratio is presently 32.26%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 valued at $3,224,000 after acquiring an additional 12,097 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Capital Clean Energy Carriers by 2.5% during the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after purchasing an additional 651 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Capital Clean Energy Carriers by 10.1% during the second 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. Squarepoint Ops LLC acquired a new stake in shares of Capital Clean Energy Carriers during the third quarter worth about $382,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Capital Clean Energy Carriers during the second quarter worth about $127,000.

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.