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

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given a consensus rating of “Hold” by the six analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $31.17.

Several analysts have recently issued reports on the company. Barclays upped their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Morgan Stanley restated an “underweight” rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Northland Securities boosted their price objective on shares of 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 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.

Excelerate Energy Trading Down 1.2 %

Shares of Excelerate Energy stock opened at $29.80 on Thursday. 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 business has a 50 day moving average price of $30.25 and a 200 day moving average price of $26.54. The company has a market capitalization of $3.17 billion, a P/E ratio of 30.10, a P/E/G ratio of 5.82 and a beta of 1.41.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Excelerate Energy’s payout ratio is 19.20%.

Hedge Funds Weigh In On Excelerate Energy

A number of large investors have recently bought and sold shares of EE. Jefferies Financial Group Inc. purchased a new stake in shares of Excelerate Energy during the 4th quarter valued at $275,000. Mackenzie Financial Corp boosted its holdings in Excelerate Energy by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 72,646 shares of the company’s stock valued at $2,198,000 after acquiring an additional 2,740 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Excelerate Energy by 154.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 38,365 shares of the company’s stock valued at $1,161,000 after acquiring an additional 23,281 shares during the period. 10Elms LLP acquired a new stake in Excelerate Energy during the fourth quarter worth about $76,000. Finally, Two Sigma Advisers LP increased its stake in Excelerate Energy by 9.1% during the fourth quarter. Two Sigma Advisers LP now owns 219,700 shares of the company’s stock worth $6,646,000 after acquiring an additional 18,400 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

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.