Excelerate Energy (NYSE:EE) Price Target Raised to $29.00

Excelerate Energy (NYSE:EE) had its target price boosted by Northland Securities from $25.00 to $29.00 in a research note issued to investors on Monday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Barclays lifted their target price on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company downgraded Excelerate Energy from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $20.00 to $19.00 in a research note on Friday, August 30th. Finally, Stephens raised their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.57.

Excelerate Energy Trading Down 4.3 %

EE stock opened at $26.75 on Monday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 27.02 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $28.60. The business has a 50 day simple moving average of $22.36 and a two-hundred day simple moving average of $19.83.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same quarter in the prior year, the business earned $0.40 earnings per share. Research analysts anticipate that Excelerate Energy will post 1.18 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio is currently 10.10%.

Institutional Trading of Excelerate Energy

A number of institutional investors have recently bought and sold shares of the stock. BOKF NA boosted its position in shares of Excelerate Energy by 5.8% during the first quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after buying an additional 700 shares during the period. nVerses Capital LLC purchased a new position in Excelerate Energy during the 2nd quarter valued at $26,000. Public Employees Retirement System of Ohio bought a new position in Excelerate Energy in the 1st quarter valued at $38,000. Rhumbline Advisers increased its stake in Excelerate Energy by 9.6% in the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after purchasing an additional 2,553 shares during the period. Finally, Scout Investments Inc. lifted its position in shares of Excelerate Energy by 1.1% during the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock worth $4,020,000 after purchasing an additional 2,673 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Company Profile

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.