Excelerate Energy (NYSE:EE) Hits New 12-Month High After Analyst Upgrade

Shares of Excelerate Energy, Inc. (NYSE:EE) hit a new 52-week high during trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $19.00 to $22.00. Wells Fargo & Company currently has an underweight rating on the stock. Excelerate Energy traded as high as $28.42 and last traded at $28.41, with a volume of 19583 shares trading hands. The stock had previously closed at $27.91.

EE has been the topic of a number of other reports. Northland Securities increased their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday. Barclays raised their price target on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Stephens raised their price target on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.57.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently modified their holdings of EE. nVerses Capital LLC purchased a new stake in Excelerate Energy during the 2nd quarter worth approximately $26,000. Public Employees Retirement System of Ohio purchased a new stake in Excelerate Energy during the 1st quarter worth approximately $38,000. Quantbot Technologies LP purchased a new stake in Excelerate Energy during the 3rd quarter worth approximately $94,000. US Bancorp DE purchased a new stake in Excelerate Energy during the 3rd quarter worth approximately $130,000. Finally, SG Americas Securities LLC purchased a new stake in Excelerate Energy during the 3rd quarter worth approximately $161,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 4.3 %

The company has a 50 day simple moving average of $22.36 and a 200 day simple moving average of $19.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The company has a market capitalization of $2.86 billion, a PE ratio of 27.02 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million during 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 period in the prior year, the business earned $0.40 earnings per share. Analysts anticipate that Excelerate Energy, Inc. will post 1.18 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, November 20th. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. Excelerate Energy’s dividend payout ratio is currently 10.10%.

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.