Excelerate Energy's (EE) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Excelerate Energy (NYSE:EE - Free Report) in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage currently has a $31.00 target price on the stock, up from their prior target price of $22.00.

Other research analysts also recently issued research reports about the stock. Morgan Stanley upped their price target 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. Barclays lifted their price target on Excelerate Energy from $22.00 to $26.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Northland Securities increased their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 12th. Finally, Stephens increased their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Two analysts have 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 MarketBeat.com, Excelerate Energy currently has a consensus rating of "Hold" and a consensus target price of $28.71.

Excelerate Energy Stock Performance

NYSE EE traded down $2.12 on Tuesday, hitting $29.58. 519,292 shares of the company's stock traded hands, compared to its average volume of 256,203. The firm's 50-day moving average price is $29.13 and its two-hundred day moving average price is $23.27. The firm has a market capitalization of $3.14 billion, a PE ratio of 29.88, a P/E/G ratio of 2.28 and a beta of 1.42. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $32.26.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, analysts expect that Excelerate Energy will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were given a $0.06 dividend. This is an increase from Excelerate Energy's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.24 annualized dividend and a yield of 0.81%. Excelerate Energy's dividend payout ratio is 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors have recently added to or reduced their stakes in EE. Rhumbline Advisers raised its position in Excelerate Energy by 9.6% during the 2nd quarter. Rhumbline Advisers now owns 29,243 shares of the company's stock worth $539,000 after buying an additional 2,553 shares during the last quarter. Quest Partners LLC raised its holdings in Excelerate Energy by 59.9% during the second quarter. Quest Partners LLC now owns 11,468 shares of the company's stock worth $211,000 after purchasing an additional 4,294 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in Excelerate Energy in the second quarter valued at about $360,000. Massachusetts Financial Services Co. MA purchased a new stake in Excelerate Energy in the 2nd quarter valued at approximately $1,569,000. Finally, Dimensional Fund Advisors LP increased its position in Excelerate Energy by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company's stock worth $3,252,000 after purchasing an additional 20,661 shares during the period. Institutional investors and hedge funds 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.