Analysts Set Excelerate Energy, Inc. (NYSE:EE) PT at $31.17

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $31.17.

A number of brokerages have weighed in on EE. JPMorgan Chase & Co. reissued an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Northland Securities increased their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Morgan Stanley restated an “underweight” rating and set a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Finally, Stephens reiterated an “overweight” rating and set a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd.

Institutional Investors Weigh In On Excelerate Energy

A number of large investors have recently added to or reduced their stakes in EE. SBI Securities Co. Ltd. purchased a new stake in shares of Excelerate Energy during the fourth quarter worth about $27,000. Aquatic Capital Management LLC purchased a new stake in Excelerate Energy during the 4th quarter valued at $33,000. Summit Investment Advisors Inc. grew its stake in shares of Excelerate Energy by 28.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock valued at $54,000 after purchasing an additional 400 shares during the period. Quarry LP increased its holdings in Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after buying an additional 409 shares during the last quarter. Finally, 10Elms LLP purchased a new stake in shares of Excelerate Energy in the 4th quarter worth $76,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Up 0.3 %

Shares of NYSE EE opened at $26.73 on Monday. The company’s fifty day moving average is $29.44 and its 200-day moving average is $27.93. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 5.82 and a beta of 1.39. Excelerate Energy has a twelve month low of $14.94 and a twelve month high of $32.99.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. Excelerate Energy’s dividend payout ratio (DPR) is currently 19.20%.

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.