Excelerate Energy, Inc. (NYSE:EE) Receives $31.17 Average Target Price from Analysts

Excelerate Energy, Inc. (NYSE:EE) has earned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $31.17.

Several equities analysts recently issued reports on EE shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Barclays raised their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Northland Securities boosted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st.

Excelerate Energy Stock Down 4.5 %

NYSE:EE opened at $24.74 on Monday. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 5.82 and a beta of 1.37. 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 fifty day moving average price is $29.21 and its two-hundred day moving average price is $28.06. Excelerate Energy has a 52-week low of $14.98 and a 52-week high of $32.99.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.97%. Excelerate Energy’s dividend payout ratio is 19.20%.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in shares of Excelerate Energy in the 3rd quarter valued at approximately $214,000. Quantbot Technologies LP acquired a new position in shares of Excelerate Energy in the third quarter valued at approximately $94,000. FMR LLC increased its position in shares of Excelerate Energy by 134.2% during the third quarter. FMR LLC now owns 23,134 shares of the company’s stock worth $509,000 after acquiring an additional 13,257 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Excelerate Energy by 39.8% during the third quarter. Martingale Asset Management L P now owns 27,690 shares of the company’s stock worth $609,000 after acquiring an additional 7,880 shares in the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of Excelerate Energy by 27.8% during the third 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 period. 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.