Excelerate Energy (NYSE:EE) Sees Strong Trading Volume - Still a Buy?

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) shares saw an uptick in trading volume on Wednesday . 439,028 shares traded hands during trading, an increase of 83% from the previous session's volume of 240,468 shares.The stock last traded at $26.51 and had previously closed at $26.66.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EE shares. Northland Securities raised their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Morgan Stanley reissued an "underweight" rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Stephens reiterated an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $31.17.

Excelerate Energy Stock Up 1.7 %

The business's 50-day moving average is $29.21 and its two-hundred day moving average is $28.06. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 5.82 and a beta of 1.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

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Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.95%. Excelerate Energy's dividend payout ratio is 19.20%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Excelerate Energy by 134.2% during the 3rd quarter. FMR LLC now owns 23,134 shares of the company's stock valued at $509,000 after purchasing an additional 13,257 shares in the last quarter. Verition Fund Management LLC lifted its stake in Excelerate Energy by 27.8% in the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company's stock valued at $390,000 after buying an additional 3,855 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Excelerate Energy in the third quarter valued at approximately $200,000. Quarry LP increased its position in shares of Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company's stock worth $40,000 after acquiring an additional 409 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Excelerate Energy by 580.7% during the third quarter. Public Employees Retirement System of Ohio now owns 15,084 shares of the company's stock worth $332,000 after acquiring an additional 12,868 shares during the period. 21.79% of the stock is currently owned by institutional investors.

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.