Brokerages Set Excelerate Energy, Inc. (NYSE:EE) PT at $28.33

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $28.33.

A number of equities analysts recently issued reports on EE shares. Stephens upped their price target on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley upped their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Barclays lifted their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Finally, Northland Securities lifted their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th.

Institutional Trading of Excelerate Energy

Hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in Excelerate Energy during the 2nd quarter worth $26,000. Quarry LP raised its holdings in Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Excelerate Energy in the third quarter valued at about $94,000. US Bancorp DE purchased a new stake in Excelerate Energy in the 3rd quarter valued at approximately $130,000. Finally, SG Americas Securities LLC acquired a new position in Excelerate Energy during the 3rd quarter worth approximately $161,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

Shares of EE opened at $30.05 on Friday. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.28 and a beta of 1.43. The firm’s fifty day simple moving average is $27.51 and its 200-day simple moving average is $22.25. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $32.25. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.40 earnings per share. Equities analysts forecast that Excelerate Energy will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is presently 24.24%.

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.