Brokerages Set Excelerate Energy, Inc. (NYSE:EE) Price Target at $31.17

Excelerate Energy, Inc. (NYSE:EE) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $31.17.

A number of analysts have recently commented on EE shares. Stephens restated an “overweight” rating and set a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. Morgan Stanley restated an “underweight” rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Northland Securities increased their price target on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Wells Fargo & Company increased their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th.

Institutional Trading of Excelerate Energy

Several large investors have recently modified their holdings of the business. Jefferies Financial Group Inc. acquired a new stake in shares of Excelerate Energy during the fourth quarter valued at about $275,000. Mackenzie Financial Corp grew its stake in shares of Excelerate Energy by 3.9% during the fourth quarter. Mackenzie Financial Corp now owns 72,646 shares of the company’s stock valued at $2,198,000 after acquiring an additional 2,740 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Excelerate Energy by 154.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 38,365 shares of the company’s stock valued at $1,161,000 after acquiring an additional 23,281 shares in the last quarter. 10Elms LLP acquired a new stake in shares of Excelerate Energy during the fourth quarter valued at about $76,000. Finally, Two Sigma Advisers LP grew its stake in shares of Excelerate Energy by 9.1% during the fourth quarter. Two Sigma Advisers LP now owns 219,700 shares of the company’s stock valued at $6,646,000 after acquiring an additional 18,400 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

EE stock opened at $28.83 on Thursday. Excelerate Energy has a 1 year low of $14.94 and a 1 year high of $32.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock’s 50 day moving average price is $30.18 and its 200 day moving average price is $26.67. The firm has a market cap of $3.06 billion, a P/E ratio of 29.12, a PEG ratio of 5.82 and a beta of 1.39.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Excelerate Energy’s dividend payout ratio is presently 19.20%.

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.