Capital Clean Energy Carriers (NASDAQ:CCEC) Reaches New 52-Week High – What’s Next?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.40 and last traded at $20.15, with a volume of 7400 shares trading hands. The stock had previously closed at $19.24.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Fearnley Fonds cut Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th. Raymond James initiated coverage on Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an “outperform” rating and a $26.00 price objective for the company.

Capital Clean Energy Carriers Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.82. The stock’s fifty day moving average price is $18.95 and its two-hundred day moving average price is $18.69. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 7.84 and a beta of 0.77.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. Equities research analysts expect that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Thursday, February 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Thursday, February 6th. Capital Clean Energy Carriers’s payout ratio is 23.44%.

Institutional Trading of Capital Clean Energy Carriers

A number of large investors have recently made changes to their positions in CCEC. Geode Capital Management LLC lifted its stake in Capital Clean Energy Carriers by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock valued at $281,000 after buying an additional 1,058 shares during the last quarter. LPL Financial LLC boosted its stake in Capital Clean Energy Carriers by 2.7% during the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $932,000 after purchasing an additional 1,339 shares during the period. Larson Financial Group LLC purchased a new position in Capital Clean Energy Carriers during the 4th quarter worth $41,000. Finally, RBF Capital LLC acquired a new position in Capital Clean Energy Carriers in the third quarter valued at $195,000.

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.