Excelerate Energy (NYSE:EE) Trading 4.8% Higher

Shares of Excelerate Energy, Inc. (NYSE:EE) shot up 4.8% on Tuesday . The stock traded as high as $19.73 and last traded at $19.55. 74,629 shares were traded during trading, a decline of 65% from the average session volume of 214,651 shares. The stock had previously closed at $18.65.

Analysts Set New Price Targets

Separately, Stephens restated an “overweight” rating and set a $21.00 target price on shares of Excelerate Energy in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Excelerate Energy Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 3.52 and a quick ratio of 3.52. The stock has a 50 day simple moving average of $18.16 and a two-hundred day simple moving average of $16.60. The company has a market cap of $2.14 billion, a PE ratio of 19.47 and a beta of 1.31.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. The company had revenue of $200.11 million during the quarter, compared to analysts’ expectations of $255.26 million. Equities analysts predict that Excelerate Energy, Inc. will post 1.28 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Wednesday, May 22nd were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Tuesday, May 21st. Excelerate Energy’s payout ratio is currently 9.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bailard Inc. acquired a new position in shares of Excelerate Energy in the second quarter valued at approximately $297,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Excelerate Energy in the first quarter valued at approximately $2,202,000. Public Employees Retirement System of Ohio acquired a new position in shares of Excelerate Energy in the first quarter valued at approximately $38,000. BOKF NA increased its holdings in shares of Excelerate Energy by 5.8% in the first quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after purchasing an additional 700 shares during the period. Finally, Scout Investments Inc. increased its holdings in shares of Excelerate Energy by 1.1% in the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock valued at $4,020,000 after purchasing an additional 2,673 shares during the period. Institutional investors and hedge funds 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.