Excelerate Energy (NYSE:EE) Given New $32.00 Price Target at Barclays

Excelerate Energy (NYSE:EE) had its target price hoisted by Barclays from $31.00 to $32.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently commented on EE. Northland Securities lifted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Morgan Stanley restated an “underweight” rating and set a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Stephens boosted their price target on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Three research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Stock Up 4.1 %

EE opened at $30.61 on Friday. The company has a market cap of $3.25 billion, a P/E ratio of 30.92, a P/E/G ratio of 5.82 and a beta of 1.41. The business’s 50-day moving average price is $30.27 and its 200-day moving average price is $26.27. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 12 month low of $13.80 and a 12 month high of $32.99.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.78%. Excelerate Energy’s payout ratio is 24.24%.

Institutional Trading of Excelerate Energy

Several large investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC bought a new stake in Excelerate Energy during the 4th quarter valued at approximately $13,854,000. D. E. Shaw & Co. Inc. boosted its position in Excelerate Energy by 16.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company’s stock valued at $13,168,000 after acquiring an additional 60,691 shares in the last quarter. Renaissance Technologies LLC boosted its position in Excelerate Energy by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock valued at $10,836,000 after acquiring an additional 44,400 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Excelerate Energy by 94.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock valued at $10,591,000 after acquiring an additional 169,924 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Excelerate Energy by 12.0% during the 4th 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. 21.79% of the stock is owned by institutional investors.

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.