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

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $31.17.

Several brokerages have recently commented on EE. Wells Fargo & Company increased their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Barclays raised their price target on Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Stephens restated an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. 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 research report on Wednesday, December 18th. Finally, Morgan Stanley reissued an “underweight” rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st.

Institutional Investors Weigh In On Excelerate Energy

Large investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC purchased a new stake in Excelerate Energy in the fourth quarter valued at $13,854,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Excelerate Energy by 16.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company’s stock valued at $13,168,000 after buying an additional 60,691 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Excelerate Energy by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock worth $10,836,000 after buying an additional 44,400 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Excelerate Energy by 94.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock worth $10,591,000 after acquiring an additional 169,924 shares during the period. Finally, Millennium Management LLC raised its position in Excelerate Energy by 12.0% during the fourth quarter. Millennium Management LLC now owns 327,534 shares of the company’s stock valued at $9,908,000 after acquiring an additional 35,199 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 1.2 %

NYSE:EE opened at $28.38 on Thursday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 5.82 and a beta of 1.39. 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 50 day moving average of $30.15 and a 200 day moving average of $26.79.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is 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.