Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Up – What’s Next?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) gapped up before the market opened on Monday . The stock had previously closed at $19.81, but opened at $20.95. Capital Clean Energy Carriers shares last traded at $21.1350, with a volume of 3,993 shares trading hands.

Analysts Set New Price Targets

CCEC has been the subject of a number of analyst reports. Evercore ISI decreased their price target on Capital Clean Energy Carriers from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Capital Clean Energy Carriers in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Capital Clean Energy Carriers Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 6.59 and a beta of 0.59. The company’s 50 day moving average is $21.61 and its 200-day moving average is $22.15.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings results on Thursday, October 30th. 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 return on equity of 10.70% and a net margin of 55.58%. Equities research analysts anticipate that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Friday, February 6th will be issued a dividend of $0.15 per share. 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 payout ratio is presently 15.00%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCEC. Raymond James Financial Inc. acquired a new position in shares of Capital Clean Energy Carriers in the second quarter valued at $127,000. MGO One Seven LLC acquired a new stake in shares of Capital Clean Energy Carriers during the 2nd quarter worth about $216,000. Squarepoint Ops LLC bought a new stake in shares of Capital Clean Energy Carriers during the 3rd quarter worth about $382,000. Geode Capital Management LLC grew its stake in 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 acquiring an additional 49,075 shares during the period.

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.