Excelerate Energy, Inc. (NYSE:EE) Stock Has Average Price Target of $44.56 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Excelerate Energy, with five buy, three strong-buy and five hold ratings. The average 12-month price target is $44.56, above the reported share price of $32.51.
• Excelerate reported quarterly EPS of $0.37, beating estimates of $0.35, while revenue rose 60.9% year over year to $329.27 million but fell short of expectations.
• The company increased its quarterly dividend to $0.09 per share, or $0.36 annualized, representing a 1.1% yield; institutional investors and hedge funds own 21.79% of the stock.

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $44.56.

EE has been the topic of several analyst reports. Zacks Research upgraded Excelerate Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Citigroup reissued an "outperform" rating on shares of Excelerate Energy in a research report on Wednesday, August 12th. Raymond James Financial restated a "strong-buy" rating and issued a $50.00 price target on shares of Excelerate Energy in a report on Monday, September 21st. Wells Fargo & Company raised their price target on shares of Excelerate Energy from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, August 12th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $48.00 price objective on shares of Excelerate Energy in a research report on Friday, July 10th.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently bought and sold shares of EE. Kings Path Partners LLC purchased a new stake in shares of Excelerate Energy during the 3rd quarter valued at $473,000. Engineers Gate Manager LP acquired a new stake in shares of Excelerate Energy in the 2nd quarter worth $927,000. Nykredit A S purchased a new position in Excelerate Energy during the 2nd quarter worth $70,000. AXQ Capital LP purchased a new position in Excelerate Energy during the 2nd quarter worth $240,000. Finally, Wellington Management Group LLP grew its stake in Excelerate Energy by 26.8% during the 2nd quarter. Wellington Management Group LLP now owns 3,339,759 shares of the company's stock worth $126,877,000 after buying an additional 705,587 shares during the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Price Performance

NYSE EE opened at $32.51 on Tuesday. The firm's 50 day moving average price is $35.95 and its 200-day moving average price is $35.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $3.69 billion, a PE ratio of 22.42 and a beta of 1.25. Excelerate Energy has a 52-week low of $24.89 and a 52-week high of $43.17.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $329.27 million for the quarter, compared to analysts' expectations of $344.27 million. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%. The business's revenue for the quarter was up 60.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Sell-side analysts forecast that Excelerate Energy will post 1.55 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.1%. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, August 19th. Excelerate Energy's payout ratio is 24.83%.

About Excelerate Energy

Excelerate Energy, Inc is a U.S.-based energy infrastructure company that provides liquefied natural gas (LNG) delivery and regasification services. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG back into natural gas for delivery to onshore or offshore pipeline systems.

Excelerate offers integrated LNG solutions that can include vessel ownership and operation, terminal and regasification services, LNG supply, logistics and project development.

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