Capital Clean Energy Carriers (NASDAQ:CCEC) Stock Price Up 3.5% – Still a Buy?

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) was up 3.5% on Tuesday . The stock traded as high as $18.76 and last traded at $19.40. Approximately 185 shares traded hands during trading, a decline of 97% from the average daily volume of 6,461 shares. The stock had previously closed at $18.75.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CCEC shares. Zacks Research lowered Capital Clean Energy Carriers from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. Weiss Ratings cut shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, January 23rd. BTIG Research started coverage on shares of Capital Clean Energy Carriers in a report on Friday, December 19th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Capital One Financial set a $25.00 target price on shares of Capital Clean Energy Carriers in a report on Friday, December 19th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Capital Clean Energy Carriers presently has a consensus rating of “Hold” and an average price target of $25.33.

Capital Clean Energy Carriers Stock Performance

The company has a market cap of $1.12 billion, a price-to-earnings ratio of 6.66 and a beta of 0.68. The firm has a 50-day simple moving average of $21.27 and a 200 day simple moving average of $21.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.37.

Capital Clean Energy Carriers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Tuesday, February 3rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $0.60 annualized dividend and a yield of 3.1%. Capital Clean Energy Carriers’s payout ratio is 20.91%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCEC. Geode Capital Management LLC increased 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 worth $414,000 after buying an additional 1,621 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 worth $3,065,000 after buying an additional 49,075 shares during the period. Raymond James Financial Inc. acquired a new position in Capital Clean Energy Carriers during the second quarter worth approximately $127,000. MGO One Seven LLC increased its position in Capital Clean Energy Carriers by 11.8% during the third quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock worth $232,000 after buying an additional 1,087 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Capital Clean Energy Carriers during the third quarter worth approximately $382,000.

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.