Excelerate Energy (NYSE:EE) Hits New 52-Week High - What's Next?

Excelerate Energy, Inc. (NYSE:EE - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $32.27 and last traded at $31.97, with a volume of 13548 shares traded. The stock had previously closed at $32.03.

Wall Street Analysts Forecast Growth

EE has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on Excelerate Energy from $23.00 to $25.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Northland Securities boosted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Finally, Barclays raised their price target on Excelerate Energy from $26.00 to $31.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $29.43.

Excelerate Energy Price Performance

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 business has a 50-day simple moving average of $30.21 and a 200 day simple moving average of $23.98. The firm has a market cap of $3.43 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business 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 period in the prior year, the business earned $0.40 EPS. On average, analysts anticipate that Excelerate Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were given a $0.06 dividend. The ex-dividend date was Wednesday, November 20th. This is an increase from Excelerate Energy's previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. Excelerate Energy's dividend payout ratio is currently 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Large investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC purchased a new position in Excelerate Energy in the 3rd quarter worth about $4,385,000. Algert Global LLC bought a new stake in shares of Excelerate Energy during the 2nd quarter valued at $1,915,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Excelerate Energy in the 2nd quarter worth $1,569,000. Marshall Wace LLP raised its holdings in Excelerate Energy by 28.2% in the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company's stock worth $6,241,000 after purchasing an additional 74,491 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock valued at $3,966,000 after purchasing an additional 52,007 shares in the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

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.