Excelerate Energy, Inc. (NYSE:EE) Receives Average Rating of “Hold” from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $31.17.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Northland Securities boosted their price target on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, Barclays lifted their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th.

Hedge Funds Weigh In On Excelerate Energy

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

Excelerate Energy Price Performance

Excelerate Energy stock opened at $29.80 on Thursday. The firm has a fifty day moving average of $30.25 and a 200-day moving average of $26.54. Excelerate Energy has a 52-week low of $14.94 and a 52-week high of $32.99. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3.17 billion, a P/E ratio of 30.10, a PEG ratio of 5.82 and a beta of 1.41.

Excelerate Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Excelerate Energy’s dividend payout ratio (DPR) is presently 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.