Brokerages Set Excelerate Energy, Inc. (NYSE:EE) Target Price at $22.75

Excelerate Energy, Inc. (NYSE:EE) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $22.75.

Several research analysts recently weighed in on the company. Stephens assumed coverage on Excelerate Energy in a research note on Tuesday, April 30th. They set an “overweight” rating and a $21.00 target price on the stock. StockNews.com upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 9th.

Institutional Trading of Excelerate Energy

Several institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new stake in Excelerate Energy in the 1st quarter valued at about $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy during the 1st quarter worth approximately $38,000. Tower Research Capital LLC TRC boosted its holdings in Excelerate Energy by 295.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company’s stock valued at $70,000 after purchasing an additional 3,365 shares during the period. SG Americas Securities LLC purchased a new position in shares of Excelerate Energy in the 4th quarter valued at about $108,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Excelerate Energy in the 1st quarter valued at about $118,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Up 0.8 %

Shares of Excelerate Energy stock opened at $18.58 on Friday. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $22.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.52 and a quick ratio of 3.52. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 18.40 and a beta of 1.31. The firm’s 50-day moving average is $17.71 and its two-hundred day moving average is $16.09.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $200.11 million for the quarter, compared to analysts’ expectations of $255.26 million. Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. As a group, research analysts expect that Excelerate Energy will post 1.28 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Tuesday, May 21st. Excelerate Energy’s payout ratio is 9.90%.

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.