Excelerate Energy (NYSE:EE) Sets New 52-Week High – Here’s What Happened

Excelerate Energy, Inc. (NYSE:EE) reached a new 52-week high on Monday . The stock traded as high as $32.26 and last traded at $31.91, with a volume of 31391 shares trading hands. The stock had previously closed at $31.63.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EE. Barclays lifted their price objective on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Stephens boosted their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Morgan Stanley upped their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, Northland Securities increased their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Excelerate Energy has an average rating of “Hold” and a consensus price target of $28.33.

Excelerate Energy Stock Performance

The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $28.96 and a 200-day moving average price of $23.17. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 2.28 and a beta of 1.42.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating 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 last year, the firm posted $0.40 EPS. As a group, analysts anticipate that Excelerate Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds have recently added to or reduced their stakes in EE. 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 valued at $539,000 after acquiring an additional 2,553 shares during the last quarter. Quest Partners LLC boosted its holdings in Excelerate Energy by 59.9% in the second quarter. Quest Partners LLC now owns 11,468 shares of the company’s stock valued at $211,000 after acquiring an additional 4,294 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in Excelerate Energy during the second quarter worth about $360,000. Massachusetts Financial Services Co. MA bought a new position in Excelerate Energy during the second quarter worth about $1,569,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Excelerate Energy by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock worth $3,252,000 after buying an additional 20,661 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Company Profile

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.