Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Up - Here's Why

Key Points

• Shares gapped up, opening at $18.20 vs. the prior close of $17.32 and last trading around $17.83 on light volume (~1,690 shares).
• Analyst views are mixed—BTIG and Capital One set $25 targets while Weiss and Zacks downgraded the stock; the consensus rating is Hold with a $25.33 target.
• Key fundamentals: market cap about $1.05B, P/E 6.28, quarterly dividend $0.15 (3.3% yield, 20.9% payout), and a debt-to-equity of 1.37 with current/quick ratios of 0.86.

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $17.32, but opened at $18.20. Capital Clean Energy Carriers shares last traded at $17.8320, with a volume of 1,690 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on CCEC. 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 for the company. Weiss Ratings lowered shares of Capital Clean Energy Carriers from a "buy (b)" rating to a "hold (c)" rating in a report on Friday, January 23rd. 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 lowered shares of Capital Clean Energy Carriers from a "hold" rating to a "strong sell" rating in a report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Capital Clean Energy Carriers currently has an average rating of "Hold" and a consensus target price of $25.33.

Capital Clean Energy Carriers Stock Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $1.05 billion, a P/E ratio of 6.28 and a beta of 0.68. The firm's 50 day moving average is $20.97 and its 200 day moving average is $21.06.

Capital Clean Energy Carriers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Tuesday, February 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, February 3rd. Capital Clean Energy Carriers's payout ratio is 20.91%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. MGO One Seven LLC increased its stake in 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 valued at $232,000 after purchasing an additional 1,087 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Capital Clean Energy Carriers during the 2nd quarter valued at approximately $127,000. Squarepoint Ops LLC acquired a new position in Capital Clean Energy Carriers during the 3rd quarter valued at approximately $382,000. Geode Capital Management LLC increased its stake in 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 valued at $414,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Capital Clean Energy Carriers by 2.5% during the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company's stock valued at $547,000 after purchasing an additional 651 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. 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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