Excelerate Energy, Inc. (NYSE:EE) Receives $23.57 Consensus Price Target from Analysts

Excelerate Energy, Inc. (NYSE:EE) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $23.57.

Several research firms have issued reports on EE. Barclays upped their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company downgraded shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $20.00 to $19.00 in a research note on Friday, August 30th. Stephens upped their price objective on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Northland Securities upped their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, August 12th.

Excelerate Energy Stock Performance

NYSE:EE opened at $24.41 on Friday. The firm has a market capitalization of $2.61 billion, a PE ratio of 23.49 and a beta of 1.28. The business’s fifty day moving average price is $21.71 and its 200 day moving average price is $19.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.43 and a quick ratio of 3.43. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $26.42.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $183.33 million during the quarter, compared to analysts’ expectations of $259.14 million. Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. During the same period last year, the company earned $0.23 EPS. On average, sell-side analysts anticipate that Excelerate Energy will post 1.14 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.06 per share. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. Excelerate Energy’s dividend payout ratio is 23.08%.

Institutional Investors Weigh In On Excelerate Energy

Several hedge funds have recently made changes to their positions in the business. BOKF NA lifted its position in Excelerate Energy by 5.8% in 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 during the period. nVerses Capital LLC acquired a new stake in Excelerate Energy in the second quarter valued at about $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy in the first quarter valued at about $38,000. Rhumbline Advisers lifted its position 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 purchasing an additional 2,553 shares during the period. Finally, Scout Investments Inc. lifted its position in Excelerate Energy by 1.1% in the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock valued at $4,020,000 after purchasing an additional 2,673 shares during the period. Institutional investors and hedge funds 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.