Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Up 3.5% – Time to Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCEC. Weiss Ratings downgraded 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 began coverage on shares of Capital Clean Energy Carriers in a report on Friday, December 19th. They issued a “buy” rating and a $25.00 price target on the stock. Capital One Financial set a $25.00 price target on shares of Capital Clean Energy Carriers in a report on Friday, December 19th. Finally, Zacks Research downgraded shares of Capital Clean Energy Carriers from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.33.

Capital Clean Energy Carriers Stock Up 2.3%

The firm has a market capitalization of $1.09 billion, a PE ratio of 6.52 and a beta of 0.68. The business’s 50 day simple moving average is $21.15 and its 200 day simple moving average is $21.14. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Tuesday, February 3rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, February 3rd. Capital Clean Energy Carriers’s dividend payout ratio (DPR) is presently 20.91%.

Hedge Funds Weigh In On Capital Clean Energy Carriers

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its stake in shares of Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock worth $547,000 after buying an additional 651 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Capital Clean Energy Carriers by 11.8% during the 3rd quarter. MGO One Seven LLC now owns 10,318 shares of the company’s stock worth $232,000 after purchasing an additional 1,087 shares during the period. Geode Capital Management LLC boosted its stake in shares of Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock worth $414,000 after purchasing an additional 1,621 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Capital Clean Energy Carriers during the 2nd quarter worth about $127,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Capital Clean Energy Carriers by 9.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock worth $3,224,000 after purchasing an additional 12,097 shares during the period.

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. 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.