Excelerate Energy, Inc. (NYSE:EE) Receives $29.43 Consensus PT from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given an average recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $30.33.

Several brokerages recently weighed in on EE. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Morgan Stanley increased their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Wells Fargo & Company lifted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Northland Securities increased their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, Stephens boosted their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th.

Institutional Trading of Excelerate Energy

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in Excelerate Energy by 11.6% during the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after purchasing an additional 845 shares in the last quarter. Ritholtz Wealth Management bought a new stake in Excelerate Energy during the 4th quarter valued at $580,000. Contravisory Investment Management Inc. purchased a new stake in shares of Excelerate Energy in the fourth quarter worth about $342,000. JPMorgan Chase & Co. grew its position in Excelerate Energy by 34.4% during the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock worth $1,102,000 after buying an additional 12,802 shares in the last quarter. Finally, Barclays PLC raised its stake in Excelerate Energy by 299.8% in the third quarter. Barclays PLC now owns 26,822 shares of the company’s stock valued at $591,000 after purchasing an additional 20,113 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $32.25 on Wednesday. The company’s 50 day moving average price is $30.30 and its two-hundred day moving average price is $24.15. The firm has a market capitalization of $3.43 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.01 and a beta of 1.42. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $32.99. 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 (NYSE:EE) last issued its quarterly earnings data 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 business had revenue of $193.42 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.40 EPS. On average, equities analysts forecast that Excelerate Energy will post 1.22 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is presently 24.24%.

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.