Excelerate Energy, Inc. (NYSE:EE) Receives Average Rating of "Hold" from Analysts

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has been assigned an average recommendation of "Hold" from the six brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $31.17.

Several research firms have commented on EE. Stephens restated an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays raised their target price on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st.

Excelerate Energy Stock Up 2.1 %

NYSE:EE opened at $26.55 on Friday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $27.87 and a 200-day moving average of $28.37. The firm has a market capitalization of $2.81 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37. Excelerate Energy has a 52 week low of $16.69 and a 52 week high of $32.99.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. Excelerate Energy's dividend payout ratio is currently 19.20%.

Institutional Trading of Excelerate Energy

A number of hedge funds have recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its position in shares of Excelerate Energy by 28.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after acquiring an additional 400 shares in the last quarter. Rhumbline Advisers raised its stake in Excelerate Energy by 1.5% during the 1st quarter. Rhumbline Advisers now owns 31,903 shares of the company's stock valued at $915,000 after purchasing an additional 471 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Excelerate Energy by 3.0% in the fourth quarter. Sterling Capital Management LLC now owns 17,119 shares of the company's stock valued at $518,000 after purchasing an additional 494 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after buying an additional 845 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Excelerate Energy during the fourth quarter valued at $27,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

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.

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