Excelerate Energy (NYSE:EE) Price Target Raised to $29.00 at Northland Securities

Excelerate Energy (NYSE:EE - Free Report) had its price target hoisted by Northland Securities from $25.00 to $29.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Stephens raised their price target on Excelerate Energy from $21.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Barclays lifted their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Finally, Wells Fargo & Company cut shares of Excelerate Energy from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $20.00 to $19.00 in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.14.

Excelerate Energy Stock Up 5.0 %

NYSE:EE traded up $1.32 during midday trading on Monday, reaching $27.91. The company had a trading volume of 310,062 shares, compared to its average volume of 214,038. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $28.16. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 28.06 and a beta of 1.28. The company has a current ratio of 4.12, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. The stock's fifty day simple moving average is $21.98 and its 200-day simple moving average is $19.68.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. On average, sell-side analysts anticipate that Excelerate Energy will post 1.18 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 20th. This is an increase from Excelerate Energy's previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.86%. Excelerate Energy's payout ratio is currently 10.10%.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors have recently modified their holdings of EE. nVerses Capital LLC acquired a new stake in shares of Excelerate Energy during the second quarter worth $26,000. Public Employees Retirement System of Ohio bought a new position in Excelerate Energy in the first quarter worth about $38,000. US Bancorp DE bought a new position in Excelerate Energy in the third quarter worth about $130,000. SG Americas Securities LLC acquired a new position in Excelerate Energy in the third quarter valued at approximately $161,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Excelerate Energy during the first quarter valued at approximately $118,000. Institutional investors and hedge funds 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.