Capital Clean Energy Carriers (NASDAQ:CCEC) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Capital Clean Energy Carriers experienced a trading volume increase to 14,628 shares, up 2% from the previous session, with the stock priced at $22.33.
• Weiss Ratings maintains a "buy (b+)" rating for the stock, contributing to a consensus rating of "Moderate Buy" and a target price of $26.00.
• The company reported quarterly earnings of $0.51 per share, surpassing estimates, and declared a dividend of $0.15, which yields 2.7% annually.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report) saw strong trading volume on Wednesday . 14,628 shares changed hands during trading, an increase of 2% from the previous session's volume of 14,302 shares.The stock last traded at $22.33 and had previously closed at $22.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "buy (b+)" rating on shares of Capital Clean Energy Carriers in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.00.

Capital Clean Energy Carriers Stock Down 1.9%

The business has a fifty day simple moving average of $21.87 and a two-hundred day simple moving average of $21.49. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 1.68. The company has a market cap of $1.30 billion, a PE ratio of 6.98 and a beta of 0.56.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.11. The company had revenue of $104.20 million for the quarter, compared to analyst estimates of $109.11 million. Capital Clean Energy Carriers had a return on equity of 10.70% and a net margin of 55.58%. As a group, equities research analysts predict that Capital Clean Energy Carriers Corp. will post 1.66 earnings per share for the current year.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, August 4th were issued a $0.15 dividend. The ex-dividend date was Monday, August 4th. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. Capital Clean Energy Carriers's dividend payout ratio (DPR) is presently 18.81%.

Institutional Trading of Capital Clean Energy Carriers

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter worth $127,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Capital Clean Energy Carriers by 59.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,107 shares of the company's stock worth $3,065,000 after acquiring an additional 49,075 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company's stock worth $414,000 after acquiring an additional 1,621 shares during the last quarter. MGO One Seven LLC acquired a new stake in shares of Capital Clean Energy Carriers in the 2nd quarter worth $216,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Capital Clean Energy Carriers by 281.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock worth $98,000 after acquiring an additional 3,758 shares during 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.

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