Excelerate Energy, Inc. (NYSE:EE) Receives $25.67 Consensus PT from Brokerages

Excelerate Energy, Inc. (NYSE:EE) has earned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $25.67.

EE has been the subject of a number of research analyst reports. Northland Securities lifted their target price on Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Stephens lifted their price objective on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company boosted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Morgan Stanley raised their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Barclays upped their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Institutional Investors Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in Excelerate Energy during the second quarter worth $26,000. Quarry LP boosted its holdings in Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after acquiring an additional 409 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Excelerate Energy in the 1st quarter worth $38,000. Quantbot Technologies LP bought a new stake in shares of Excelerate Energy in the 3rd quarter worth $94,000. Finally, US Bancorp DE purchased a new stake in shares of Excelerate Energy in the third quarter valued at about $130,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $30.69 on Tuesday. The company has a market capitalization of $3.26 billion, a PE ratio of 31.00, a P/E/G ratio of 2.19 and a beta of 1.28. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $31.89. The firm has a fifty day simple moving average of $24.85 and a 200 day simple moving average of $20.76.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $193.42 million during the quarter, compared to analyst estimates 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 company posted $0.40 EPS. On average, sell-side analysts forecast that Excelerate Energy will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. This represents a $0.24 annualized dividend and a yield of 0.78%. 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.