Stephens Reiterates “Overweight” Rating for Excelerate Energy (NYSE:EE)

Stephens reissued their overweight rating on shares of Excelerate Energy (NYSE:EE) in a research report report published on Monday,Benzinga reports. They currently have a $36.00 target price on the stock.

Several other brokerages also recently weighed in on EE. Wells Fargo & Company lifted their target price on 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. restated an “underweight” rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Barclays increased their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley restated an “underweight” rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, Northland Securities increased their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.17.

Excelerate Energy Stock Performance

EE opened at $30.02 on Monday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $30.27 and its 200-day moving average is $26.44. The stock has a market cap 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 twelve month low of $14.88 and a twelve month high of $32.99.

Excelerate Energy Dividend Announcement

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

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds have recently made changes to their positions in EE. US Bancorp DE bought a new stake in Excelerate Energy during the third quarter worth approximately $130,000. Van ECK Associates Corp boosted its stake in shares of Excelerate Energy by 111.7% during the 3rd quarter. Van ECK Associates Corp now owns 16,197 shares of the company’s stock worth $380,000 after acquiring an additional 8,547 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Excelerate Energy during the 3rd quarter worth $214,000. Algert Global LLC grew its holdings in shares of Excelerate Energy by 13.7% in the 3rd quarter. Algert Global LLC now owns 118,093 shares of the company’s stock worth $2,599,000 after acquiring an additional 14,253 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Excelerate Energy during the third quarter worth $94,000. 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.