Excelerate Energy, Inc. (NYSE:EE) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have 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 target price among brokerages that have issued a report on the stock in the last year is $29.43.

EE has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated an "underweight" rating and issued a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Stephens increased 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. Wells Fargo & Company lifted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an "underweight" rating in a report on Tuesday, November 12th. Morgan Stanley upped their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Finally, Northland Securities raised their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of Excelerate Energy by 9.6% in the second quarter. Rhumbline Advisers now owns 29,243 shares of the company's stock worth $539,000 after acquiring an additional 2,553 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Excelerate Energy during the 2nd quarter worth about $1,569,000. Dimensional Fund Advisors LP boosted its stake in Excelerate Energy by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company's stock worth $3,252,000 after purchasing an additional 20,661 shares during the period. Renaissance Technologies LLC grew its holdings in Excelerate Energy by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 249,282 shares of the company's stock valued at $4,597,000 after buying an additional 18,282 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company's stock valued at $6,241,000 after buying an additional 74,491 shares during the period. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Stock Up 3.0 %

Shares of Excelerate Energy stock traded up $0.93 during trading on Wednesday, reaching $31.90. 163,638 shares of the company traded hands, compared to its average volume of 226,793. The firm has a market capitalization of $3.39 billion, a PE ratio of 32.22, a P/E/G ratio of 2.32 and a beta of 1.42. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $32.26. The company has a 50 day moving average price of $29.83 and a 200-day moving average price of $23.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period in the prior year, the business earned $0.40 EPS. As a group, equities research analysts expect that Excelerate Energy will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 20th. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.03. Excelerate Energy's dividend payout ratio (DPR) is currently 24.24%.

About Excelerate Energy

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.