Capital Clean Energy Carriers (NASDAQ:CCEC) Reaches New 1-Year High – Here’s Why

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $21.39 and last traded at $21.39, with a volume of 58353 shares. The stock had previously closed at $19.95.

Analyst Ratings Changes

Several equities research analysts have 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 issued an “outperform” rating and a $26.00 price objective for the company.

Capital Clean Energy Carriers Trading Up 7.2%

The business has a 50 day simple moving average of $18.88 and a 200-day simple moving average of $18.66. 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 has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.36 and a beta of 0.30.

Capital Clean Energy Carriers (NASDAQ:CCEC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 46.85% and a return on equity of 9.76%. On average, equities analysts predict that Capital Clean Energy Carriers Corp will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 12th will be paid a $0.15 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.81%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is presently 18.18%.

Institutional Trading of Capital Clean Energy Carriers

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC bought a new stake in Capital Clean Energy Carriers during the fourth quarter valued at $41,000. Exchange Traded Concepts LLC increased its stake in 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 valued at $98,000 after purchasing an additional 3,758 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $281,000 after acquiring an additional 1,058 shares during the period. Finally, LPL Financial LLC boosted its holdings 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 valued at $932,000 after acquiring an additional 1,339 shares during the period.

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.