Excelerate Energy (NYSE:EE) Price Target Raised to $31.00 at Barclays

Excelerate Energy (NYSE:EE) had its price objective lifted by Barclays from $26.00 to $31.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also recently issued reports on EE. Stephens increased their price target on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley increased their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Northland Securities boosted their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.43.

Excelerate Energy Stock Up 0.6 %

NYSE:EE opened at $29.90 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. Excelerate Energy has a one year low of $13.38 and a one year high of $32.26. The firm’s 50 day simple moving average is $29.71 and its 200 day simple moving average is $23.68. The company has a market cap of $3.18 billion, a PE ratio of 30.20, a P/E/G ratio of 2.32 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 EPS 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 for the quarter, compared to analyst estimates of $194.09 million. During the same quarter in the previous year, the company posted $0.40 EPS. On average, research analysts anticipate that Excelerate Energy will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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. The ex-dividend date was Wednesday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Institutional Trading of Excelerate Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP raised its position 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 buying an additional 409 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Excelerate Energy by 9.6% in the 2nd quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock valued at $539,000 after acquiring an additional 2,553 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its position in shares of Excelerate Energy by 5.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock valued at $1,073,000 after acquiring an additional 2,900 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Excelerate Energy by 27.8% during the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock worth $390,000 after purchasing an additional 3,855 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Excelerate Energy in the third quarter worth approximately $94,000. 21.79% of the stock is currently owned by institutional investors.

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.