Excelerate Energy (NYSE:EE) Price Target Raised to $31.00

Excelerate Energy (NYSE:EE) had its target price hoisted by Barclays from $26.00 to $31.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently commented on the stock. Stephens upped their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company increased their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Northland Securities increased 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. Finally, Morgan Stanley lifted their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.43.

Excelerate Energy Stock Up 3.0 %

Shares of EE opened at $31.90 on Monday. The firm’s 50-day simple moving average is $29.83 and its 200 day simple moving average is $23.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The firm has a market cap of $3.39 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 2.32 and a beta of 1.42. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $32.26.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter last year, the company earned $0.40 earnings per share. On average, analysts forecast that Excelerate Energy will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.06 per share. 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 0.75%. The ex-dividend date was Wednesday, November 20th. Excelerate Energy’s payout ratio is currently 24.24%.

Institutional Investors Weigh In On Excelerate Energy

A number of large investors have recently modified their holdings of EE. Quarry LP lifted its position in shares of Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after buying an additional 409 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Excelerate Energy by 9.6% in the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after acquiring an additional 2,553 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in shares of Excelerate Energy by 5.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,900 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Excelerate Energy by 27.8% during the 3rd quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Excelerate Energy during the 3rd quarter worth approximately $94,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.