Excelerate Energy, Inc. (NYSE:EE) Given Average Rating of “Hold” by Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. Three equities 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 brokerages that have issued a report on the stock in the last year is $31.17.

EE has been the subject of several analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Barclays increased their price objective on Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a research report on Friday. Stephens reiterated an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Finally, Northland Securities boosted their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th.

Institutional Investors Weigh In On Excelerate Energy

Several large investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new position in shares of Excelerate Energy in the fourth quarter worth $220,000. JPMorgan Chase & Co. increased its holdings in Excelerate Energy by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock worth $1,102,000 after purchasing an additional 12,802 shares during the period. Ritholtz Wealth Management acquired a new stake in Excelerate Energy in the 4th quarter valued at about $580,000. Principal Financial Group Inc. purchased a new position in shares of Excelerate Energy in the 4th quarter valued at about $283,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Excelerate Energy during the fourth quarter worth about $403,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Trading Down 6.3 %

Shares of EE stock opened at $27.99 on Monday. Excelerate Energy has a twelve month low of $14.94 and a twelve month high of $32.99. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 5.82 and a beta of 1.39. The company’s 50-day moving average price is $29.71 and its 200-day moving average price is $27.81. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is 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.