Excelerate Energy, Inc. (NYSE:EE) Receives $28.33 Average PT from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $28.33.

EE has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Barclays lifted their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Northland Securities increased their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Stephens raised their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley upped their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th.

Institutional Investors Weigh In On Excelerate Energy

Several hedge funds and other institutional investors have recently modified their holdings of EE. nVerses Capital LLC purchased a new stake in Excelerate Energy in the 2nd quarter valued at $26,000. Quarry LP grew its stake in shares of Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after acquiring an additional 409 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Excelerate Energy in the third quarter valued at about $94,000. US Bancorp DE bought a new position in shares of Excelerate Energy during the third quarter valued at about $130,000. Finally, SG Americas Securities LLC bought a new position in shares of Excelerate Energy during the third quarter valued at about $161,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Up 1.7 %

NYSE EE opened at $30.55 on Friday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.28 and a beta of 1.43. The company has a 50 day moving average of $27.92 and a 200-day moving average of $22.49. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $32.25.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter last year, the business earned $0.40 earnings per share. On average, equities research analysts expect that Excelerate Energy will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Wednesday, November 20th. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio is 24.24%.

About Excelerate Energy

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.