Excelerate Energy (NYSE:EE) Stock Price Expected to Rise, Barclays Analyst Says

Excelerate Energy (NYSE:EE - Free Report) had its price target raised by Barclays from $31.00 to $32.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on EE. Morgan Stanley restated an "underweight" rating and set a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Northland Securities raised their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. Stephens raised their price target on Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $31.17.

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Excelerate Energy Price Performance

Shares of Excelerate Energy stock traded up $0.19 during trading hours on Friday, reaching $30.19. 413,705 shares of the company's stock were exchanged, compared to its average volume of 213,156. Excelerate Energy has a 1 year low of $14.88 and a 1 year high of $32.99. The company has a market capitalization of $3.21 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. The business has a fifty day moving average of $30.27 and a two-hundred day moving average of $26.52. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.79%. Excelerate Energy's dividend payout ratio is currently 19.20%.

Hedge Funds Weigh In On Excelerate Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE purchased a new stake in shares of Excelerate Energy during the 3rd quarter worth about $130,000. Van ECK Associates Corp grew its holdings in shares of Excelerate Energy by 111.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,197 shares of the company's stock worth $380,000 after purchasing an additional 8,547 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Excelerate Energy during the 3rd quarter worth approximately $214,000. Algert Global LLC grew its holdings in shares of Excelerate Energy by 13.7% during the 3rd quarter. Algert Global LLC now owns 118,093 shares of the company's stock worth $2,599,000 after purchasing an additional 14,253 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Excelerate Energy in the 3rd quarter valued at $94,000. 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.