Excelerate Energy (NYSE:EE) Price Target Raised to $22.00 at Wells Fargo & Company

Excelerate Energy (NYSE:EE) had its target price increased by Wells Fargo & Company from $19.00 to $22.00 in a report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

EE has been the topic of several other reports. Northland Securities increased their target price on shares of Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday. Barclays raised their price objective on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Stephens lifted their price objective on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.43.

Excelerate Energy Trading Up 1.0 %

Shares of NYSE EE traded up $0.27 during midday trading on Tuesday, hitting $27.85. The stock had a trading volume of 96,812 shares, compared to its average volume of 214,928. The firm has a market cap of $2.98 billion, a P/E ratio of 27.84 and a beta of 1.28. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company’s 50-day simple moving average is $22.72 and its 200 day simple moving average is $19.93.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Research analysts anticipate that Excelerate Energy will post 1.18 EPS for the current year.

Excelerate Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 20th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.86%. Excelerate Energy’s dividend payout ratio (DPR) is 10.10%.

Hedge Funds Weigh In On Excelerate Energy

A number of large investors have recently made changes to their positions in EE. nVerses Capital LLC bought a new stake in Excelerate Energy during the second quarter worth about $26,000. Public Employees Retirement System of Ohio bought a new position in Excelerate Energy in the first quarter valued at approximately $38,000. Quantbot Technologies LP acquired a new position in Excelerate Energy during the third quarter valued at approximately $94,000. Allspring Global Investments Holdings LLC acquired a new position in Excelerate Energy in the 1st quarter worth about $118,000. Finally, US Bancorp DE acquired a new stake in shares of Excelerate Energy during the third quarter valued at about $130,000. Institutional investors 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.