Excelerate Energy (NYSE:EE) Hits New 52-Week High – Time to Buy?

Shares of Excelerate Energy, Inc. (NYSE:EE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $28.74 and last traded at $28.53, with a volume of 133310 shares traded. The stock had previously closed at $27.54.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays increased their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Northland Securities upped their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Morgan Stanley upped their price target 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. Stephens upped their price target on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company upped their price target 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.67.

Excelerate Energy Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a market cap of $3.00 billion, a PE ratio of 27.82 and a beta of 1.28. The stock’s 50-day moving average is $22.91 and its two-hundred day moving average is $20.05.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. During the same period in the previous year, the company earned $0.40 EPS. On average, equities analysts predict that Excelerate Energy, Inc. will post 1.17 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, November 20th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. Excelerate Energy’s payout ratio is currently 10.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EE. Allspring Global Investments Holdings LLC acquired a new position in Excelerate Energy in the first quarter valued at $118,000. BOKF NA boosted its holdings in shares of Excelerate Energy by 5.8% in the first quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after acquiring an additional 700 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Excelerate Energy in the first quarter valued at about $38,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Excelerate Energy in the first quarter valued at about $2,202,000. Finally, Bailard Inc. purchased a new stake in shares of Excelerate Energy in the second quarter valued at about $297,000. 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.