Excelerate Energy, Inc. (NYSE:EE) Given Average Recommendation of “Hold” by Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $29.43.

A number of equities research analysts recently weighed in on EE shares. Stephens boosted their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Northland Securities upped 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. Morgan Stanley lifted their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th.

Excelerate Energy Stock Up 3.4 %

Excelerate Energy stock opened at $30.91 on Wednesday. The stock’s fifty day moving average is $29.83 and its two-hundred day moving average is $23.77. The stock has a market cap of $3.29 billion, a PE ratio of 31.22, a P/E/G ratio of 2.32 and a beta of 1.42. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $32.26. 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 (NYSE:EE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, sell-side analysts expect that Excelerate Energy will post 1.23 EPS 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 dividend of $0.06 per share. The ex-dividend date was Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio is presently 24.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP boosted its holdings in Excelerate Energy by 28.9% in the 3rd 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. Quantbot Technologies LP purchased a new stake in shares of Excelerate Energy in the third quarter valued at approximately $94,000. US Bancorp DE acquired a new position in Excelerate Energy during the third quarter worth $130,000. SG Americas Securities LLC purchased a new position in Excelerate Energy in the third quarter worth $161,000. Finally, Janus Henderson Group PLC acquired a new stake in Excelerate Energy in the third quarter valued at $200,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.