Excelerate Energy (NYSE:EE) Stock Price Up 3.5% - What's Next?

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) shares were up 3.5% on Monday . The company traded as high as $28.81 and last traded at $28.96. Approximately 134,361 shares were traded during trading, a decline of 40% from the average daily volume of 223,215 shares. The stock had previously closed at $27.99.

Wall Street Analyst Weigh In

EE has been the subject of several research reports. Morgan Stanley reiterated an "underweight" rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Northland Securities boosted their target price 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. Stephens restated an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Barclays upped their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Stock 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 stock's 50-day simple moving average is $29.33 and its two-hundred day simple moving average is $27.92. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39.

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Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.97%. Excelerate Energy's dividend payout ratio (DPR) is presently 19.20%.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors have recently added to or reduced their stakes in EE. Intech Investment Management LLC acquired a new position in Excelerate Energy in the fourth quarter worth about $220,000. JPMorgan Chase & Co. increased its position in Excelerate Energy by 34.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock valued at $1,102,000 after acquiring an additional 12,802 shares in the last quarter. Ritholtz Wealth Management bought a new position in Excelerate Energy in the 4th quarter worth approximately $580,000. Principal Financial Group Inc. acquired a new position in shares of Excelerate Energy during the fourth quarter valued at $283,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Excelerate Energy in the 4th quarter valued at about $403,000. 21.79% of the stock is owned by institutional investors and hedge funds.

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.