Excelerate Energy, Inc. (NYSE:EE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $28.33.

A number of equities research analysts have commented on the company. Morgan Stanley upped their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Stephens increased their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Northland Securities raised their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. 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 research note on Monday, October 21st. Finally, 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 note on Tuesday, November 12th.

Excelerate Energy Trading Down 0.9 %

Shares of Excelerate Energy stock opened at $30.18 on Friday. The firm’s 50 day moving average is $28.21 and its 200 day moving average is $22.63. The firm has a market capitalization of $3.21 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $32.25. 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 (NYSE:EE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 3.14% and a return on equity of 1.39%. During the same period in the prior year, the business earned $0.40 earnings per share. Equities research analysts forecast that Excelerate Energy will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were paid a $0.06 dividend. The ex-dividend date was Wednesday, November 20th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. Excelerate Energy’s dividend payout ratio (DPR) is currently 24.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Excelerate Energy by 34.4% in 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 in the last quarter. Barclays PLC raised its holdings in Excelerate Energy by 299.8% during the third quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after buying an additional 20,113 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Excelerate Energy by 580.7% in the third quarter. Public Employees Retirement System of Ohio now owns 15,084 shares of the company’s stock valued at $332,000 after buying an additional 12,868 shares in the last quarter. Quarry LP grew 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 valued at $40,000 after buying an additional 409 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after acquiring an additional 52,007 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.