Excelerate Energy (NYSE:EE) Hits New 1-Year High – What’s Next?

Excelerate Energy, Inc. (NYSE:EEGet Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $32.27 and last traded at $31.97, with a volume of 13548 shares trading hands. The stock had previously closed at $32.03.

Analyst Ratings Changes

A number of research firms have recently commented on EE. Stephens lifted 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. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Barclays raised their price objective on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company lifted their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Finally, Northland Securities lifted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Excelerate Energy currently has a consensus rating of “Hold” and a consensus target price of $29.43.

Get Our Latest Research Report on EE

Excelerate Energy Stock Performance

The company has a market capitalization of $3.43 billion, a P/E ratio of 32.57, a PEG ratio of 1.81 and a beta of 1.42. The stock has a fifty day simple moving average of $30.10 and a 200-day simple moving average of $23.88. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EEGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period last year, the business earned $0.40 earnings per share. Equities analysts forecast that Excelerate Energy, Inc. will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, November 20th. Excelerate Energy’s payout ratio is currently 24.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. PDT Partners LLC raised its holdings in Excelerate Energy by 85.5% during the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock worth $1,034,000 after purchasing an additional 21,645 shares during the last quarter. Barclays PLC grew its position in shares of Excelerate Energy by 299.8% during the 3rd quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after buying an additional 20,113 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Excelerate Energy during the 3rd quarter worth about $214,000. US Bancorp DE acquired a new position in shares of Excelerate Energy during the 3rd quarter worth about $130,000. Finally, Marshall Wace LLP grew its position in shares of Excelerate Energy by 28.2% during the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after buying an additional 74,491 shares during the period. 21.79% of the stock is owned by institutional investors.

About Excelerate Energy

(Get Free Report)

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.

Further Reading

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