Excelerate Energy (NYSE:EE) Price Target Raised to $25.00 at Morgan Stanley

Excelerate Energy (NYSE:EE - Free Report) had its price target raised by Morgan Stanley from $23.00 to $25.00 in a research note published on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Stephens boosted their price target on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Barclays upped their target price on shares of 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 target price on Excelerate Energy from $25.00 to $29.00 and gave the company an "outperform" rating in a report on Monday. Finally, Wells Fargo & Company upped their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an "underweight" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.43.

Excelerate Energy Trading Up 2.7 %

NYSE EE traded up $0.71 on Thursday, reaching $27.46. 121,107 shares of the company were exchanged, compared to its average volume of 214,879. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60. The stock has a market capitalization of $2.94 billion, a P/E ratio of 27.02 and a beta of 1.28. The business's fifty day moving average price is $22.53 and its 200 day moving average price is $19.88. 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 (NYSE:EE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Analysts forecast that Excelerate Energy will post 1.18 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Excelerate Energy's previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. Excelerate Energy's payout ratio is presently 10.10%.

Hedge Funds Weigh In On Excelerate Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in EE. Tortoise Capital Advisors L.L.C. lifted its position in Excelerate Energy by 10.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company's stock worth $15,012,000 after acquiring an additional 74,946 shares during the period. Marshall Wace LLP grew its position in Excelerate Energy by 28.2% in the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company's stock valued at $6,241,000 after buying an additional 74,491 shares during the last quarter. Renaissance Technologies LLC increased its stake in Excelerate Energy by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 249,282 shares of the company's stock valued at $4,597,000 after buying an additional 18,282 shares during the period. Dimensional Fund Advisors LP increased its stake in Excelerate Energy by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company's stock valued at $3,252,000 after buying an additional 20,661 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Excelerate Energy during the first quarter worth about $2,202,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

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.