Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase – What’s Next?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw strong trading volume on Tuesday . 8,205 shares were traded during trading, an increase of 93% from the previous session’s volume of 4,252 shares.The stock last traded at $20.8310 and had previously closed at $20.93.

Analyst Ratings Changes

A number of brokerages have commented on CCEC. Weiss Ratings restated a “buy (b)” rating on shares of Capital Clean Energy Carriers in a research note on Friday, January 9th. Capital One Financial set a $25.00 target price on shares of Capital Clean Energy Carriers in a research note on Friday, December 19th. BTIG Research began coverage on shares of Capital Clean Energy Carriers in a report on Friday, December 19th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Evercore ISI dropped their target price on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Capital Clean Energy Carriers currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Capital Clean Energy Carriers Price Performance

The stock has a market capitalization of $1.24 billion, a P/E ratio of 5.32 and a beta of 0.63. The company has a 50 day moving average of $20.60 and a 200-day moving average of $21.64. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 1.57.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its earnings results on Tuesday, November 4th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Capital Clean Energy Carriers had a net margin of 56.56% and a return on equity of 7.54%. The company had revenue of $99.51 million for the quarter, compared to analysts’ expectations of $105.91 million. Sell-side analysts predict 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 will be paid on Thursday, February 12th. Shareholders of record on Friday, February 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, February 6th. Capital Clean Energy Carriers’s payout ratio is presently 15.00%.

Institutional Trading of Capital Clean Energy Carriers

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers during the 2nd quarter worth $127,000. MGO One Seven LLC bought a new stake in Capital Clean Energy Carriers in the second quarter valued at $216,000. Squarepoint Ops LLC acquired a new position in shares of Capital Clean Energy Carriers during the third quarter valued at $382,000. Geode Capital Management LLC grew its position 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 acquiring an additional 1,621 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $3,065,000 after purchasing an additional 49,075 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. 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.