Capital Clean Energy Carriers (NASDAQ:CCEC) Reaches New 1-Year High – Should You Buy?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $20.75 and last traded at $19.94, with a volume of 214 shares trading hands. The stock had previously closed at $19.65.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Fearnley Fonds cut Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th. Raymond James began coverage on Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an “outperform” rating and a $26.00 target price on the stock.

Capital Clean Energy Carriers Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 7.68 and a beta of 0.77. The company’s 50 day moving average is $18.78 and its 200 day moving average is $18.55.

Capital Clean Energy Carriers (NASDAQ:CCEC) last posted its earnings results on Thursday, February 6th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Capital Clean Energy Carriers had a return on equity of 9.76% and a net margin of 46.85%. Research analysts anticipate that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Thursday, February 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Thursday, February 6th. Capital Clean Energy Carriers’s payout ratio is currently 23.44%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its stake in Capital Clean Energy Carriers by 2.7% during the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock worth $932,000 after purchasing an additional 1,339 shares during the period. Geode Capital Management LLC raised its holdings in shares of Capital Clean Energy Carriers by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company’s stock valued at $281,000 after buying an additional 1,058 shares during the last quarter. RBF Capital LLC acquired a new stake in shares of Capital Clean Energy Carriers during the third quarter worth about $195,000. Finally, Larson Financial Group LLC purchased a new position in shares of Capital Clean Energy Carriers during the fourth quarter worth about $41,000.

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.