Brokerages Set Excelerate Energy, Inc. (NYSE:EE) PT at $22.00

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $22.00.

Several brokerages have recently weighed in on EE. Wells Fargo & Company downgraded shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $20.00 to $19.00 in a research report on Friday, August 30th. Stephens reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Excelerate Energy in a report on Tuesday, July 9th. Finally, Northland Securities lifted their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 12th.

Excelerate Energy Price Performance

Shares of EE opened at $18.97 on Thursday. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $20.66. The stock has a market cap of $2.03 billion, a PE ratio of 18.78 and a beta of 1.29. The firm has a 50-day simple moving average of $19.05 and a two-hundred day simple moving average of $17.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.43 and a quick ratio of 3.43.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $183.33 million during the quarter, compared to analyst estimates of $259.14 million. Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. During the same quarter last year, the firm posted $0.23 EPS. As a group, analysts forecast that Excelerate Energy will post 1.14 EPS for the current year.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EE. BOKF NA lifted its holdings in shares of Excelerate Energy by 5.8% during the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after acquiring an additional 700 shares during the period. nVerses Capital LLC acquired a new stake in Excelerate Energy during the 2nd quarter worth approximately $26,000. New York State Teachers Retirement System acquired a new stake in Excelerate Energy during the 1st quarter worth approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy during the 1st quarter worth approximately $38,000. Finally, Rhumbline Advisers increased its position in Excelerate Energy by 9.6% during the 2nd quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after purchasing an additional 2,553 shares in the last quarter. 21.79% of the stock is currently owned by hedge funds and other 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.