Stephens Raises Excelerate Energy (NYSE:EE) Price Target to $28.00

Excelerate Energy (NYSE:EE) had its price objective hoisted by Stephens from $21.00 to $28.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Northland Securities boosted their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an outperform rating in a report on Monday, August 12th. Wells Fargo & Company lowered shares of Excelerate Energy from an equal weight rating to an underweight rating and reduced their target price for the stock from $20.00 to $19.00 in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Excelerate Energy presently has an average rating of Hold and an average price target of $23.17.

Excelerate Energy Price Performance

NYSE EE opened at $23.74 on Friday. The firm’s 50 day moving average is $20.21 and its 200-day moving average is $18.59. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $23.96. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.54 billion, a PE ratio of 23.50 and a beta of 1.32.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. The business had revenue of $183.33 million for the quarter, compared to the consensus estimate of $259.14 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Equities research analysts anticipate that Excelerate Energy will post 1.14 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. Excelerate Energy’s payout ratio is 9.90%.

Institutional Investors Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in EE. nVerses Capital LLC purchased a new stake in shares of Excelerate Energy during the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio bought a new position in shares of Excelerate Energy during the 1st quarter worth $38,000. SG Americas Securities LLC bought a new stake in shares of Excelerate Energy in the third quarter valued at approximately $161,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Excelerate Energy during the 1st quarter valued at $118,000. Finally, Quest Partners LLC lifted its holdings in shares of Excelerate Energy by 59.9% in the second quarter. Quest Partners LLC now owns 11,468 shares of the company’s stock worth $211,000 after buying an additional 4,294 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

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.