Excelerate Energy (NYSE:EE) Reaches New 1-Year High – Time to Buy?

Shares of Excelerate Energy, Inc. (NYSE:EE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $31.30 and last traded at $31.30, with a volume of 812 shares changing hands. The stock had previously closed at $30.57.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EE. Barclays raised their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Northland Securities lifted their price objective on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Morgan Stanley increased their target price on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Stephens boosted their price target on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company increased their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Excelerate Energy currently has a consensus rating of “Hold” and a consensus price target of $25.67.

Excelerate Energy Price Performance

The stock has a fifty day moving average of $24.45 and a 200-day moving average of $20.62. The firm has a market capitalization of $3.20 billion, a P/E ratio of 30.45, a PEG ratio of 2.22 and a beta of 1.28. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) 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 net margin of 3.14% and a return on equity of 1.39%. During the same period in the prior year, the business earned $0.40 earnings per share. Equities analysts predict that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be paid a $0.06 dividend. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio (DPR) is 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several large investors have recently made changes to their positions in EE. Quarry LP raised its stake in shares of Excelerate Energy by 28.9% during the third 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. BOKF NA boosted its position in shares of Excelerate Energy by 5.8% in the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after purchasing an additional 700 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Excelerate Energy during the second quarter worth $26,000. Public Employees Retirement System of Ohio acquired a new position in Excelerate Energy in the first quarter valued at about $38,000. Finally, Rhumbline Advisers boosted its holdings in Excelerate Energy by 9.6% during the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after buying an additional 2,553 shares during the last quarter. 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.