Excelerate Energy (NYSE:EE) Earns Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Excelerate Energy (NYSE:EE) in a research report report published on Tuesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a $31.00 price target on the stock, up from their prior price target of $22.00.

A number of other equities research analysts have also weighed in on the stock. Stephens lifted their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Barclays lifted their price target on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Northland Securities increased their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Morgan Stanley boosted their target price 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. Finally, Wells Fargo & Company increased their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.71.

Excelerate Energy Trading Down 6.7 %

NYSE EE opened at $29.58 on Tuesday. The stock has a market cap of $3.14 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 2.28 and a beta of 1.42. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $32.26. The stock has a 50 day simple moving average of $29.25 and a two-hundred day simple moving average of $23.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

Excelerate Energy (NYSE:EE) last announced 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 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 quarter last year, the firm posted $0.40 earnings per share. On average, analysts forecast that Excelerate Energy will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.06 per share. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio (DPR) is currently 24.24%.

Institutional Investors Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently made changes to their positions in EE. Quarry LP boosted its stake in Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after purchasing an additional 409 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Excelerate Energy during the third quarter valued at $94,000. US Bancorp DE bought a new position in shares of Excelerate Energy during the third quarter valued at $130,000. SG Americas Securities LLC purchased a new stake in shares of Excelerate Energy during the third quarter valued at $161,000. Finally, Janus Henderson Group PLC bought a new stake in Excelerate Energy in the 3rd quarter worth about $200,000. Institutional investors 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.