Capital Clean Energy Carriers (NASDAQ:CCEC) Sets New 12-Month High – Should You Buy?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $20.40 and last traded at $20.15, with a volume of 7400 shares changing hands. The stock had previously closed at $19.24.

Wall Street Analyst Weigh In

CCEC has been the topic of a number of analyst reports. Fearnley Fonds lowered Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a report on Monday, February 17th. Raymond James began coverage on Capital Clean Energy Carriers in a research note on Friday, January 24th. They issued an “outperform” rating and a $26.00 price target on the stock.

Capital Clean Energy Carriers Price Performance

The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 7.84 and a beta of 0.77. The company’s 50 day moving average is $18.95 and its 200 day moving average is $18.69. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.80 and a quick ratio of 1.78.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Thursday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is 23.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Capital Clean Energy Carriers by 7.4% in the 4th 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 last quarter. LPL Financial LLC grew its position in shares of Capital Clean Energy Carriers by 2.7% in the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock valued at $932,000 after purchasing an additional 1,339 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Capital Clean Energy Carriers during the 4th quarter worth approximately $41,000. Finally, RBF Capital LLC acquired a new position in shares of Capital Clean Energy Carriers during the 3rd quarter worth approximately $195,000.

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.