Excelerate Energy, Inc. (NYSE:EE) Receives $31.17 Consensus Price Target from Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given a consensus rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.17.

Several analysts have commented on EE shares. Stephens reissued an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays upped their price target on Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Finally, Northland Securities lifted their price target 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.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $27,000. Aquatic Capital Management LLC acquired a new stake in Excelerate Energy during the fourth quarter worth $33,000. Summit Investment Advisors Inc. increased its holdings in Excelerate Energy by 28.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock valued at $54,000 after buying an additional 400 shares during the period. Quarry LP raised its stake in shares of Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after buying an additional 409 shares in the last quarter. Finally, 10Elms LLP bought a new position in shares of Excelerate Energy during the 4th quarter worth about $76,000. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Stock Performance

Shares of EE stock opened at $24.74 on Monday. The firm has a market cap of $2.62 billion, a P/E ratio of 24.99, a PEG ratio of 5.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. Excelerate Energy has a fifty-two week low of $14.94 and a fifty-two week high of $32.99. The stock’s 50-day moving average is $29.21 and its two-hundred day moving average is $27.95.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy’s payout ratio is currently 19.20%.

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.