Excelerate Energy (NYSE:EE) Reaches New 12-Month High - Should You Buy?

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $32.26 and last traded at $31.91, with a volume of 31391 shares. The stock had previously closed at $31.63.

Wall Street Analyst Weigh In

EE has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of 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 boosted their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Barclays increased their target price on Excelerate Energy from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. 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 report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $28.33.

Excelerate Energy Price Performance

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 company has a market capitalization of $3.35 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 2.28 and a beta of 1.42. The firm's 50 day simple moving average is $29.13 and its 200 day simple moving average is $23.27.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The firm had revenue of $193.42 million during the quarter, compared to analysts' expectations 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 previous year, the company earned $0.40 EPS. As a group, research analysts anticipate that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. This is a boost from Excelerate Energy's previous quarterly dividend of $0.03. Excelerate Energy's payout ratio is presently 24.24%.

Institutional Trading of Excelerate Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Excelerate Energy by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock worth $1,102,000 after purchasing an additional 12,802 shares during the last quarter. Barclays PLC boosted its position in Excelerate Energy by 299.8% in the 3rd quarter. Barclays PLC now owns 26,822 shares of the company's stock valued at $591,000 after buying an additional 20,113 shares during the period. Public Employees Retirement System of Ohio boosted its position in Excelerate Energy by 580.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 15,084 shares of the company's stock valued at $332,000 after buying an additional 12,868 shares during the period. Quarry LP grew its stake in Excelerate Energy by 28.9% in the 3rd 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, Jacobs Levy Equity Management Inc. increased its position in shares of Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock worth $3,966,000 after acquiring an additional 52,007 shares during the period. Hedge funds and other institutional investors own 21.79% of the company's stock.

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.