Excelerate Energy, Inc. (NYSE:EE) Receives $23.57 Average Price Target from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have earned an average rating of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.57.

Several analysts have issued reports on the stock. Stephens increased their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Wells Fargo & Company cut shares of Excelerate Energy from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $20.00 to $19.00 in a research report on Friday, August 30th. Barclays raised their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, Northland Securities raised their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, August 12th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EE. Susquehanna Fundamental Investments LLC bought a new stake in shares of Excelerate Energy in the first quarter worth approximately $886,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Excelerate Energy in the first quarter worth approximately $2,202,000. Bailard Inc. bought a new position in shares of Excelerate Energy in the second quarter worth approximately $297,000. Allspring Global Investments Holdings LLC bought a new position in shares of Excelerate Energy in the first quarter worth approximately $118,000. Finally, Marshall Wace LLP boosted its position in shares of Excelerate Energy by 28.2% in the second quarter. Marshall Wace LLP now owns 338,465 shares of the company's stock worth $6,241,000 after purchasing an additional 74,491 shares during the period. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock traded up $0.40 on Friday, reaching $24.28. 337,816 shares of the company traded hands, compared to its average volume of 210,023. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $24.74. The company has a 50 day moving average of $21.32 and a 200 day moving average of $19.25. The firm has a market capitalization of $2.60 billion, a PE ratio of 22.97 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.43 and a quick ratio of 3.43.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). The business had revenue of $183.33 million for the quarter, compared to analysts' expectations of $259.14 million. Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. During the same quarter in the previous year, the company posted $0.23 earnings per share. Equities analysts forecast that Excelerate Energy will post 1.14 earnings per share for the current year.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.06 per share. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.99%. Excelerate Energy's payout ratio is presently 9.62%.

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.