Excelerate Energy (NYSE:EE) Sets New 1-Year High – What’s Next?

Excelerate Energy, Inc. (NYSE:EE) reached a new 52-week high during trading on Friday . The stock traded as high as $32.25 and last traded at $32.20, with a volume of 86649 shares changing hands. The stock had previously closed at $31.43.

Wall Street Analyst Weigh In

EE has been the topic of several research reports. Barclays increased their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Stephens raised their price target on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Northland Securities increased their target price on Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Excelerate Energy currently has an average rating of “Hold” and a consensus price target of $27.00.

Excelerate Energy Stock Performance

The company has a 50 day moving average price of $26.65 and a 200-day moving average price of $21.65. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.43 billion, a P/E ratio of 31.76, a PEG ratio of 2.28 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million for the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same period in the previous year, the firm earned $0.40 EPS. Equities analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were given a $0.06 dividend. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.24 annualized dividend and a yield of 0.74%. Excelerate Energy’s payout ratio is 24.24%.

Institutional Trading of Excelerate Energy

Several institutional investors and hedge funds have recently bought and sold shares of EE. Quarry LP raised its holdings in shares of Excelerate Energy by 28.9% during 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 stake in shares of Excelerate Energy in the second quarter worth $26,000. Rhumbline Advisers boosted its holdings in shares of 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 buying an additional 2,553 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in Excelerate Energy by 5.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock valued at $1,073,000 after buying an additional 2,900 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in Excelerate Energy by 27.8% during the 3rd quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock worth $390,000 after acquiring an additional 3,855 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.