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

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CCEC shares. Fearnley Fonds downgraded shares of Capital Clean Energy Carriers from a “strong-buy” rating to a “hold” rating in a report on Monday, February 17th. Raymond James started coverage on shares of Capital Clean Energy Carriers in a research report on Friday, January 24th. They set an “outperform” rating and a $26.00 price objective on the stock.

Capital Clean Energy Carriers Stock Performance

The business has a 50-day moving average of $19.03 and a 200 day moving average of $18.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.80 and a quick ratio of 1.78. The company has a market cap of $1.16 billion, a PE ratio of 7.73 and a beta of 0.77.

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

Capital Clean Energy Carriers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were given a $0.15 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.60 annualized dividend and a yield of 3.03%. Capital Clean Energy Carriers’s payout ratio is presently 23.44%.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC purchased a new position in Capital Clean Energy Carriers during the fourth quarter valued at $41,000. RBF Capital LLC bought a new position in shares of Capital Clean Energy Carriers in the third quarter worth about $195,000. Geode Capital Management LLC bought a new position in shares of Capital Clean Energy Carriers in the third quarter worth about $268,000. 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.