Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Large Volume Increase – Here’s Why

Shares of Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw an uptick in trading volume on Monday . 3,990 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 4,425 shares.The stock last traded at $21.2850 and had previously closed at $21.41.

Wall Street Analysts Forecast Growth

CCEC has been the topic of a number of recent analyst reports. Capital One Financial set a $25.00 target price on shares of Capital Clean Energy Carriers in a report on Friday, December 19th. Weiss Ratings cut shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday. BTIG Research started coverage on Capital Clean Energy Carriers in a report on Friday, December 19th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Evercore ISI reduced their price target on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.33.

Capital Clean Energy Carriers Stock Down 1.0%

The stock has a 50 day moving average price of $20.68 and a 200 day moving average price of $21.58. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 1.44. The company has a market capitalization of $1.24 billion, a P/E ratio of 5.31 and a beta of 0.63.

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

Capital Clean Energy Carriers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 3rd. Capital Clean Energy Carriers’s payout ratio is 15.00%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently bought and sold shares of CCEC. MGO One Seven LLC purchased a new position in Capital Clean Energy Carriers during the second quarter valued at approximately $216,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Capital Clean Energy Carriers by 9.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after buying an additional 12,097 shares in the last quarter. Squarepoint Ops LLC bought a new position in Capital Clean Energy Carriers in the 3rd quarter worth about $382,000. Raymond James Financial Inc. purchased a new stake in Capital Clean Energy Carriers in the second quarter valued at approximately $127,000. Finally, Geode Capital Management LLC lifted its position in 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 valued at $414,000 after purchasing an additional 1,621 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.