Excelerate Energy (NYSE:EE) Reaches New 1-Year High – Still a Buy?

Shares of Excelerate Energy, Inc. (NYSE:EE) hit a new 52-week high during trading on Monday . The company traded as high as $31.30 and last traded at $31.30, with a volume of 812 shares trading hands. The stock had previously closed at $30.57.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Northland Securities raised their price objective on Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Wells Fargo & Company lifted 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. Barclays lifted their target price on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price objective on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Finally, Stephens boosted their target price on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.67.

Excelerate Energy Price Performance

The firm has a market capitalization of $3.20 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The business has a 50 day simple moving average of $24.04 and a two-hundred day simple moving average of $20.47.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. During the same period in the prior year, the business earned $0.40 EPS. On average, sell-side analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a $0.06 dividend. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 20th. Excelerate Energy’s payout ratio is 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds have recently made changes to their positions in the business. Quarry LP boosted its position in shares of Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after purchasing an additional 409 shares in the last quarter. BOKF NA boosted its position in shares of Excelerate Energy by 5.8% during 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 in the last quarter. nVerses Capital LLC bought a new stake in shares of Excelerate Energy during the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio bought a new stake in shares of Excelerate Energy during the first quarter valued at approximately $38,000. Finally, Rhumbline Advisers boosted its position in shares of Excelerate Energy by 9.6% during the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock valued at $539,000 after purchasing an additional 2,553 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

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.