Analysts Set Excelerate Energy, Inc. (NYSE:EE) Price Target at $25.67

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.67.

A number of research analysts have recently commented on EE shares. Morgan Stanley upped their target price on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Barclays upped their price objective on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Northland Securities lifted their target price 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 boosted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Finally, Stephens raised their price target 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.

Institutional Investors Weigh In On Excelerate Energy

Large investors have recently modified their holdings of the business. Quarry LP grew its holdings in Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the last quarter. BOKF NA grew its stake in Excelerate Energy by 5.8% during the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after buying an additional 700 shares during the last quarter. nVerses Capital LLC acquired a new position in Excelerate Energy during the 2nd quarter valued at about $26,000. Public Employees Retirement System of Ohio purchased a new stake in Excelerate Energy in the first quarter valued at about $38,000. Finally, Rhumbline Advisers boosted its holdings in Excelerate Energy by 9.6% in the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after acquiring an additional 2,553 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

NYSE:EE opened at $30.13 on Tuesday. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The business has a 50 day simple moving average of $25.05 and a 200-day simple moving average of $20.88. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $31.89.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results 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 company had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. During the same period last year, the company earned $0.40 earnings per share. Equities analysts forecast that Excelerate Energy will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

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

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.