Capital Clean Energy Carriers (NASDAQ:CCEC) Hits New 12-Month High – Still a Buy?

Capital Clean Energy Carriers Corp (NASDAQ:CCEC) shares hit a new 52-week high on Wednesday . The stock traded as high as $23.94 and last traded at $23.57, with a volume of 34913 shares changing hands. The stock had previously closed at $23.49.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCEC. Fearnley Fonds lowered shares of 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 report on Friday, January 24th. They set an “outperform” rating and a $26.00 price target for the company.

Capital Clean Energy Carriers Stock Up 0.3%

The firm has a market capitalization of $1.38 billion, a P/E ratio of 9.21 and a beta of 0.30. The company has a fifty day simple moving average of $19.17 and a 200 day simple moving average of $18.77. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.82.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. The company had revenue of $109.40 million during the quarter, compared to analyst estimates of $105.77 million. On average, equities analysts expect that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were paid a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.55%. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is currently 18.18%.

Institutional Trading of Capital Clean Energy Carriers

Several large investors have recently added to or reduced their stakes in CCEC. Larson Financial Group LLC bought a new position in Capital Clean Energy Carriers in the 4th quarter worth $41,000. Exchange Traded Concepts LLC increased its position in Capital Clean Energy Carriers by 281.7% in the first quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company’s stock worth $98,000 after buying an additional 3,758 shares in the last quarter. Geode Capital Management LLC raised its stake 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 worth $281,000 after buying an additional 1,058 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Capital Clean Energy Carriers by 2.7% during the 4th quarter. LPL Financial LLC now owns 50,737 shares of the company’s stock valued at $932,000 after buying an additional 1,339 shares in the last quarter.

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.