Excelerate Energy, Inc. (NYSE:EE) Receives $23.00 Consensus PT from Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $23.00.

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Northland Securities assumed coverage on shares of Excelerate Energy in a research note on Monday, February 26th. They issued an “outperform” rating and a $23.00 price objective for the company. Raymond James reduced their price objective on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Finally, Morgan Stanley reduced their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th.

Excelerate Energy Trading Up 1.5 %

Shares of NYSE EE opened at $15.36 on Monday. The firm’s 50 day moving average price is $15.15 and its 200-day moving average price is $15.54. The company has a market cap of $1.66 billion, a PE ratio of 14.91 and a beta of 1.41. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $23.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.42 and a current ratio of 3.43.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. The company had revenue of $240.06 million for the quarter, compared to analysts’ expectations of $265.31 million. On average, equities research analysts expect that Excelerate Energy will post 1.1 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Tuesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is 9.71%.

Institutional Trading of Excelerate Energy

Institutional investors have recently modified their holdings of the company. Chilton Capital Management LLC acquired a new stake in Excelerate Energy during the 1st quarter valued at approximately $41,000. Qube Research & Technologies Ltd purchased a new stake in Excelerate Energy in the 3rd quarter worth $66,000. Tower Research Capital LLC TRC increased its holdings in Excelerate Energy by 295.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company’s stock worth $70,000 after acquiring an additional 3,365 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Excelerate Energy in the 1st quarter worth $78,000. Finally, SG Americas Securities LLC purchased a new stake in Excelerate Energy in the 4th quarter worth $108,000. 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.