Excelerate Energy (NYSE:EE) Price Target Raised to $36.00

Excelerate Energy (NYSE:EE) had its target price hoisted by Stephens from $28.00 to $36.00 in a report issued on Wednesday morning,Benzinga reports. Stephens currently has an overweight rating on the stock.

EE has been the topic of several other research reports. Barclays lifted their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Northland Securities raised their price target on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Morgan Stanley upped their price objective on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. One investment 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. Based on data from MarketBeat.com, Excelerate Energy presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Excelerate Energy Stock Down 2.4 %

EE opened at $31.32 on Wednesday. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $32.25. The business has a 50 day moving average price of $25.80 and a two-hundred day moving average price of $21.19. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.33 billion, a PE ratio of 31.64, a P/E/G ratio of 2.20 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, research analysts anticipate that Excelerate Energy will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were paid a $0.06 dividend. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Institutional Trading of Excelerate Energy

Institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Excelerate Energy during the 2nd quarter worth $26,000. Quarry LP lifted its holdings in shares of Excelerate Energy by 28.9% in 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. Public Employees Retirement System of Ohio acquired a new stake in shares of Excelerate Energy in the first quarter valued at approximately $38,000. Quantbot Technologies LP purchased a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $94,000. Finally, US Bancorp DE acquired a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $130,000. 21.79% of the stock is currently 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.