Excelerate Energy, Inc. (NYSE:EE) Receives Consensus Rating of “Hold” from Analysts

Excelerate Energy, Inc. (NYSE:EE) has earned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $31.17.

A number of equities research analysts recently commented on EE shares. Morgan Stanley reaffirmed an “underweight” rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays upped their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Northland Securities raised their target price 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 from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens reiterated an “overweight” rating and set a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Excelerate Energy during the fourth quarter worth about $27,000. Aquatic Capital Management LLC acquired a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $33,000. Quarry LP lifted 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 valued at $40,000 after acquiring an additional 409 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake 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 acquiring an additional 400 shares during the last quarter. Finally, 10Elms LLP purchased a new stake in shares of Excelerate Energy during the fourth quarter worth approximately $76,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

NYSE EE opened at $27.99 on Monday. The stock’s fifty day moving average price is $29.71 and its 200 day moving average price is $27.81. Excelerate Energy has a 1 year low of $14.94 and a 1 year high of $32.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 5.82 and a beta of 1.39.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. Excelerate Energy’s dividend payout ratio is presently 19.20%.

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.