Stephens Reiterates "Overweight" Rating for Excelerate Energy (NYSE:EE)

Stephens restated their overweight rating on shares of Excelerate Energy (NYSE:EE - Free Report) in a research report released on Monday morning,Benzinga reports. The brokerage currently has a $36.00 target price on the stock.

A number of other equities research analysts have also issued reports on EE. Northland Securities lifted their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Morgan Stanley reissued an "underweight" rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Barclays upped their target price on Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. 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. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $31.17.

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Excelerate Energy Stock Down 4.2 %

Shares of NYSE EE traded down $1.25 during mid-day trading on Monday, reaching $28.49. The company had a trading volume of 195,069 shares, compared to its average volume of 217,095. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 5.82 and a beta of 1.41. The stock has a fifty day moving average of $30.25 and a two-hundred day moving average of $26.54. Excelerate Energy has a 12-month low of $14.94 and a 12-month high of $32.99.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.84%. 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 added to or reduced their stakes in EE. TimesSquare Capital Management LLC bought a new stake in shares of Excelerate Energy during the 4th quarter worth $13,854,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Excelerate Energy during the third quarter valued at about $4,385,000. Wellington Management Group LLP acquired a new stake in shares of Excelerate Energy in the fourth quarter valued at about $5,921,000. Raymond James Financial Inc. bought a new position in shares of Excelerate Energy in the fourth quarter worth about $5,510,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Excelerate Energy by 94.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company's stock worth $10,591,000 after purchasing an additional 169,924 shares during the last quarter. 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.