Excelerate Energy, Inc. (NYSE:EE - Get Free Report) shares traded up 6.3% on Friday after Barclays raised their price target on the stock from $31.00 to $32.00. Barclays currently has an overweight rating on the stock. Excelerate Energy traded as high as $31.37 and last traded at $31.26. 107,775 shares were traded during mid-day trading, a decline of 46% from the average session volume of 198,127 shares. The stock had previously closed at $29.40.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley reaffirmed an "underweight" rating and set a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Stephens upped their price objective on Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. Finally, Northland Securities boosted their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $31.17.
Read Our Latest Stock Report on EE
Institutional Trading of Excelerate Energy
Institutional investors and hedge funds have recently modified their holdings of the stock. TimesSquare Capital Management LLC acquired a new position in shares of Excelerate Energy in the 4th quarter worth approximately $13,854,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Excelerate Energy by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company's stock valued at $13,168,000 after purchasing an additional 60,691 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Excelerate Energy by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company's stock valued at $10,836,000 after purchasing an additional 44,400 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in 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 buying an additional 169,924 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Excelerate Energy by 12.0% in the 4th quarter. Millennium Management LLC now owns 327,534 shares of the company's stock valued at $9,908,000 after buying an additional 35,199 shares during the period. Hedge funds and other institutional investors own 21.79% of the company's stock.
Excelerate Energy Trading Up 0.6 %
The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 5.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company's 50 day simple moving average is $30.27 and its 200 day simple moving average is $26.44.
Excelerate Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.79%. Excelerate Energy's dividend payout ratio is currently 19.20%.
About Excelerate Energy
(
Get Free Report)
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.
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