Excelerate Energy, Inc. (NYSE:EE) Receives $28.33 Consensus Target Price from Brokerages

Excelerate Energy, Inc. (NYSE:EE) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $28.33.

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

Excelerate Energy Price Performance

NYSE:EE opened at $30.05 on Friday. The firm’s fifty day moving average is $27.51 and its two-hundred day moving average is $22.25. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.28 and a beta of 1.43. Excelerate Energy has a one year low of $13.38 and a one year high of $32.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

Excelerate Energy (NYSE:EE) last announced 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 company had revenue of $193.42 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.40 earnings per share. Research analysts expect that Excelerate Energy will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

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

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors have recently bought and sold shares of the company. Quarry LP grew its stake in shares of Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after acquiring an additional 409 shares in the last quarter. nVerses Capital LLC acquired a new position in Excelerate Energy during the 2nd quarter worth $26,000. Rhumbline Advisers increased its holdings 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 during the period. Susquehanna Fundamental Investments LLC increased its holdings in Excelerate Energy by 5.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock worth $1,073,000 after purchasing an additional 2,900 shares during the period. Finally, Verition Fund Management LLC raised its position in Excelerate Energy by 27.8% in the 3rd quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after purchasing an additional 3,855 shares in the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

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.