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

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $28.33.

EE has been the topic of several research reports. Northland Securities upped their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday. Barclays raised their price target on Excelerate Energy from $22.00 to $26.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Morgan Stanley lifted their price objective on Excelerate Energy from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Stephens upped their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 12th.

Excelerate Energy Price Performance

Excelerate Energy stock traded up $0.75 during mid-day trading on Friday, hitting $29.77. 259,968 shares of the company were exchanged, compared to its average volume of 220,322. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $32.25. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $27.51 and a 200 day moving average of $22.18. The company has a market capitalization of $3.16 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43.

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

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, November 20th. This is a boost from Excelerate Energy's previous quarterly dividend of $0.03. Excelerate Energy's dividend payout ratio is presently 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several large investors have recently modified their holdings of EE. PDT Partners LLC boosted its holdings in Excelerate Energy by 85.5% in the third quarter. PDT Partners LLC now owns 46,971 shares of the company's stock valued at $1,034,000 after acquiring an additional 21,645 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $214,000. Bailard Inc. bought a new stake in shares of Excelerate Energy in the 2nd quarter valued at $297,000. US Bancorp DE acquired a new stake in shares of Excelerate Energy during the third quarter worth $130,000. Finally, Marshall Wace LLP raised its stake in Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company's stock worth $6,241,000 after buying an additional 74,491 shares during the last quarter. Institutional investors own 21.79% of the company's stock.

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.