Capital Clean Energy Carriers (NASDAQ:CCEC) Sets New 52-Week High – Should You Buy?

Shares of Capital Clean Energy Carriers Corp (NASDAQ:CCEC) reached a new 52-week high on Thursday . The company traded as high as $21.39 and last traded at $21.39, with a volume of 58353 shares changing hands. The stock had previously closed at $19.95.

Analysts Set New Price Targets

A number of research firms recently weighed in on CCEC. Raymond James assumed coverage on shares of Capital Clean Energy Carriers in a report on Friday, January 24th. They issued an “outperform” rating and a $26.00 target price for the company. Fearnley Fonds downgraded Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 17th.

Capital Clean Energy Carriers Stock Performance

The company has a market capitalization of $1.33 billion, a P/E ratio of 8.93 and a beta of 0.30. The business has a 50-day moving average of $19.01 and a 200-day moving average of $18.71. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.80 and a quick ratio of 1.78.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. The company had revenue of $109.40 million during the quarter, compared to the consensus estimate of $105.77 million. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. On average, sell-side analysts anticipate that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current year.

Capital Clean Energy Carriers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were given a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.63%. Capital Clean Energy Carriers’s dividend payout ratio is presently 18.18%.

Institutional Trading of Capital Clean Energy Carriers

Several institutional investors and hedge funds have recently made changes to their positions in CCEC. Larson Financial Group LLC bought a new stake in shares of Capital Clean Energy Carriers during the fourth quarter worth $41,000. Exchange Traded Concepts LLC lifted its position in shares of Capital Clean Energy Carriers by 281.7% during the first quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company’s stock worth $98,000 after purchasing an additional 3,758 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Capital Clean Energy Carriers by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock worth $281,000 after purchasing an additional 1,058 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Capital Clean Energy Carriers by 2.7% during the fourth 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 last quarter.

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.