Excelerate Energy, Inc. (NYSE:EE) Given Average Recommendation of "Moderate Buy" by Analysts

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $25.67.

A number of brokerages recently commented on EE. Northland Securities upped their target price on Excelerate Energy from $25.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Morgan Stanley raised 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 report on Thursday, November 14th. Barclays boosted their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Wells Fargo & Company raised 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. Finally, Stephens upped their target price on Excelerate Energy from $21.00 to $28.00 and gave the stock an "overweight" rating in a report on Friday, October 11th.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently modified their holdings of EE. Quarry LP raised its holdings in Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company's stock worth $40,000 after acquiring an additional 409 shares during the last quarter. BOKF NA lifted its holdings in shares of Excelerate Energy by 5.8% during the first quarter. BOKF NA now owns 12,700 shares of the company's stock valued at $201,000 after purchasing an additional 700 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Excelerate Energy during the second quarter valued at $26,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Excelerate Energy during the first quarter valued at $38,000. Finally, Rhumbline Advisers increased its holdings in Excelerate Energy by 9.6% in the 2nd quarter. Rhumbline Advisers now owns 29,243 shares of the company's stock worth $539,000 after buying an additional 2,553 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Trading Up 0.2 %

Shares of EE stock traded up $0.07 during mid-day trading on Tuesday, reaching $30.15. The stock had a trading volume of 192,211 shares, compared to its average volume of 218,056. The firm has a market capitalization of $3.20 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28. The stock's 50-day moving average price is $24.45 and its two-hundred day moving average price is $20.62. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $30.90.

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

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. This is an increase from Excelerate Energy's previous quarterly dividend of $0.03. Excelerate Energy's dividend payout ratio is presently 24.24%.

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.