Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Strong Trading Volume – Still a Buy?

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw unusually-high trading volume on Wednesday . Approximately 13,854 shares traded hands during trading, an increase of 30% from the previous session’s volume of 10,626 shares.The stock last traded at $20.4150 and had previously closed at $20.72.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCEC. Weiss Ratings reiterated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Tuesday, October 14th. Evercore ISI decreased their price objective on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. BTIG Research began coverage on Capital Clean Energy Carriers in a research note on Friday. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Capital One Financial set a $25.00 price objective on Capital Clean Energy Carriers in a report on Friday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Capital Clean Energy Carriers Stock Down 3.0%

The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 1.57. The company has a fifty day simple moving average of $20.92 and a 200-day simple moving average of $21.93. The firm has a market cap of $1.21 billion, a P/E ratio of 5.16 and a beta of 0.64.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $99.51 million during the quarter, compared to the consensus estimate of $105.91 million. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. On average, equities analysts anticipate that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Friday, February 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is presently 15.00%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently made changes to their positions in CCEC. MGO One Seven LLC purchased a new stake in shares of Capital Clean Energy Carriers in the second quarter valued at approximately $216,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Capital Clean Energy Carriers by 9.2% during the 3rd 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. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 1,621 shares during the period. Squarepoint Ops LLC acquired a new position in Capital Clean Energy Carriers during the third quarter worth $382,000. Finally, Raymond James Financial Inc. purchased a new position in Capital Clean Energy Carriers during the second quarter worth $127,000.

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.