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

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $31.17.

A number of analysts recently issued reports on EE shares. Barclays increased their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Stephens restated an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Finally, Northland Securities upped their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th.

Excelerate Energy Stock Performance

Excelerate Energy stock traded down $0.72 during mid-day trading on Monday, hitting $26.00. The company had a trading volume of 1,080,778 shares, compared to its average volume of 250,959. 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 company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 5.82 and a beta of 1.39. The company's fifty day moving average is $29.33 and its 200-day moving average is $27.92. Excelerate Energy has a 12-month low of $14.94 and a 12-month high of $32.99.

Remove Ads

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.92%. Excelerate Energy's dividend payout ratio (DPR) is currently 19.20%.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds and other institutional investors have recently made changes to their positions in EE. Summit Investment Advisors Inc. increased its position in shares of Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after purchasing an additional 400 shares in the last quarter. Quarry LP grew its holdings in shares of Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company's stock worth $40,000 after buying an additional 409 shares in the last quarter. Sterling Capital Management LLC raised its position 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 buying an additional 494 shares during the last quarter. SG Americas Securities LLC boosted its position in Excelerate Energy by 11.6% during the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after acquiring an additional 845 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Excelerate Energy during the 4th quarter valued at about $27,000. Hedge funds and other 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.