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

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has received an average rating of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $31.17.

Several research firms have recently issued reports on EE. Northland Securities raised their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Wells Fargo & Company raised their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 12th. Barclays raised their price target on Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Finally, Stephens reissued an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. TimesSquare Capital Management LLC bought a new stake in Excelerate Energy during the 4th quarter valued at $13,854,000. D. E. Shaw & Co. Inc. raised its position in Excelerate Energy by 16.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company's stock valued at $13,168,000 after purchasing an additional 60,691 shares in the last quarter. Renaissance Technologies LLC raised its position in Excelerate Energy by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 358,219 shares of the company's stock valued at $10,836,000 after purchasing an additional 44,400 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Excelerate Energy by 94.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company's stock valued at $10,591,000 after purchasing an additional 169,924 shares in the last quarter. Finally, Millennium Management LLC raised its position in Excelerate Energy by 12.0% during the 4th quarter. Millennium Management LLC now owns 327,534 shares of the company's stock valued at $9,908,000 after purchasing an additional 35,199 shares in the last quarter. 21.79% of the stock is owned by institutional investors.

Remove Ads

Excelerate Energy Trading Up 1.2 %

Shares of NYSE:EE traded up $0.34 during trading on Thursday, hitting $28.83. The company had a trading volume of 308,050 shares, compared to its average volume of 219,415. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. Excelerate Energy has a one year low of $14.94 and a one year high of $32.99. The company has a fifty day simple moving average of $30.18 and a two-hundred day simple moving average of $26.67. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is presently 19.20%.

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.