Excelerate Energy’s (EE) Overweight Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Excelerate Energy (NYSE:EE) in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a $36.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Northland Securities lifted their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Morgan Stanley reissued 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. Finally, Barclays raised their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Excelerate Energy has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Stock Performance

Excelerate Energy stock opened at $30.02 on Monday. The firm has a market capitalization of $3.19 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. Excelerate Energy has a one year low of $14.88 and a one year high of $32.99. The stock’s 50 day moving average price is $30.27 and its 200 day moving average price is $26.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy’s payout ratio is currently 19.20%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. TimesSquare Capital Management LLC bought a new position in Excelerate Energy during the fourth quarter worth $13,854,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Excelerate Energy during the third quarter worth $4,385,000. Wellington Management Group LLP bought a new position in shares of Excelerate Energy in the 4th quarter worth about $5,921,000. Raymond James Financial Inc. acquired a new position in shares of Excelerate Energy in the 4th quarter valued at about $5,510,000. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Excelerate Energy by 94.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock valued at $10,591,000 after buying an additional 169,924 shares during the last quarter. 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.