Capital Clean Energy Carriers Corp. (NASDAQ:CCEC – Get Free Report) shares saw strong trading volume on Thursday . 19,396 shares changed hands during mid-day trading, an increase of 132% from the previous session’s volume of 8,359 shares.The stock last traded at $23.45 and had previously closed at $21.85.
Analysts Set New Price Targets
Several research firms have weighed in on CCEC. Zacks Research upgraded shares of Capital Clean Energy Carriers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Jefferies Financial Group boosted their target price on shares of Capital Clean Energy Carriers from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Capital Clean Energy Carriers in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Capital Clean Energy Carriers has an average rating of “Hold” and a consensus target price of $24.75.
Get Our Latest Research Report on Capital Clean Energy Carriers
Capital Clean Energy Carriers Stock Up 7.7%
Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The business had revenue of $98.01 million for the quarter, compared to the consensus estimate of $103.48 million. Capital Clean Energy Carriers had a net margin of 28.02% and a return on equity of 6.73%. As a group, sell-side analysts forecast that Capital Clean Energy Carriers Corp. will post 1.35 EPS for the current fiscal year.
Capital Clean Energy Carriers Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, May 11th. Capital Clean Energy Carriers’s payout ratio is 31.75%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CCEC. Raymond James Financial Inc. bought a new position in Capital Clean Energy Carriers during the second quarter valued at about $127,000. Squarepoint Ops LLC bought a new position in Capital Clean Energy Carriers during the third quarter valued at about $382,000. Geode Capital Management LLC boosted its stake in Capital Clean Energy Carriers by 10.1% during the second quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after buying an additional 1,621 shares in the last quarter. Millennium Management LLC boosted its stake in Capital Clean Energy Carriers by 2.5% during the fourth quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after buying an additional 651 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Capital Clean Energy Carriers by 59.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company’s stock valued at $3,065,000 after buying an additional 49,075 shares in the last quarter.
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.
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