Excelerate Energy, Inc. (NYSE:EE) Receives $31.17 Average Target Price from Brokerages

Excelerate Energy, Inc. (NYSE:EE) has been given a consensus rating of “Hold” by the six research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $31.17.

A number of research firms recently commented on EE. Barclays lifted their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Stephens reaffirmed an “overweight” rating and issued a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Northland Securities lifted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $28.42 on Thursday. Excelerate Energy has a twelve month low of $14.94 and a twelve month high of $32.99. The stock’s 50 day moving average price is $30.07 and its 200-day moving average price is $26.86. The company has a market capitalization of $3.01 billion, a PE ratio of 28.70, a PEG ratio of 5.82 and a beta of 1.39. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.84%. Excelerate Energy’s payout ratio is 19.20%.

Institutional Investors Weigh In On Excelerate Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in Excelerate Energy during the 4th quarter valued at $27,000. Aquatic Capital Management LLC bought a new position in shares of Excelerate Energy in the fourth quarter worth $33,000. Summit Investment Advisors Inc. increased its holdings in shares of Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock worth $54,000 after purchasing an additional 400 shares during the period. Quarry LP increased 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 worth $40,000 after purchasing an additional 409 shares during the period. Finally, 10Elms LLP bought a new position in shares of Excelerate Energy in the fourth quarter worth $76,000. Institutional investors 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.