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

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) saw an uptick in trading volume on Friday . 15,168 shares changed hands during mid-day trading, an increase of 189% from the previous session’s volume of 5,245 shares.The stock last traded at $22.6250 and had previously closed at $21.76.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCEC. Weiss Ratings downgraded shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, January 23rd. BTIG Research began coverage on Capital Clean Energy Carriers in a research note on Friday, December 19th. They set a “buy” rating and a $25.00 price target for the company. Evercore dropped 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. Finally, Capital One Financial set a $25.00 target price on Capital Clean Energy Carriers in a research note on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.33.

Capital Clean Energy Carriers Trading Up 4.7%

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 $1.33 billion, a P/E ratio of 5.69 and a beta of 0.66. The company’s fifty day simple moving average is $21.02 and its 200-day simple moving average is $21.35.

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, February 3rd. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is presently 15.00%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Capital Clean Energy Carriers by 59.8% during the second 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 in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Capital Clean Energy Carriers during the third quarter valued at about $382,000. MGO One Seven LLC bought a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter valued at about $216,000. Raymond James Financial Inc. purchased a new position in shares of Capital Clean Energy Carriers in the 2nd quarter worth approximately $127,000. Finally, Geode Capital Management LLC raised its stake in shares of Capital Clean Energy Carriers by 10.1% during the 2nd 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 in the last quarter.

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. 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.