Brokerages Set Excelerate Energy, Inc. (NYSE:EE) Price Target at $32.50

Key Points

• Excelerate Energy, Inc. has received a consensus rating of "Moderate Buy" from eight analysts, with a target price averaging $32.50.
• Recently, Excelerate Energy increased its quarterly dividend from $0.06 to $0.08 per share, resulting in a 1.3% dividend yield.
• The company reported earnings of $0.34 per share for the last quarter, exceeding the analyst consensus estimate, and noted revenue growth of 11.6% compared to the same quarter last year.

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $32.50.

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Excelerate Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 24th. DNB Markets set a $31.00 target price on shares of Excelerate Energy in a research note on Wednesday, September 10th. JPMorgan Chase & Co. assumed coverage on shares of Excelerate Energy in a research note on Monday, September 8th. They issued a "neutral" rating and a $30.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They issued a "buy" rating and a $39.00 target price on the stock. Finally, Wells Fargo & Company set a $26.00 target price on shares of Excelerate Energy in a research note on Monday, August 11th.

Excelerate Energy Stock Performance

Shares of NYSE:EE traded down $0.01 on Monday, hitting $24.02. 346,634 shares of the company were exchanged, compared to its average volume of 313,239. The company's 50 day moving average price is $24.45 and its two-hundred day moving average price is $26.89. Excelerate Energy has a one year low of $20.77 and a one year high of $32.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 15.21 and a beta of 1.38.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $259.82 million. The business's revenue was up 11.6% on a year-over-year basis. Research analysts expect that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. This is a boost from Excelerate Energy's previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, August 20th. Excelerate Energy's dividend payout ratio (DPR) is presently 23.53%.

Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its position in Excelerate Energy by 336.9% in the second quarter. Osaic Holdings Inc. now owns 4,203 shares of the company's stock valued at $123,000 after buying an additional 3,241 shares in the last quarter. Squarepoint Ops LLC boosted its position in Excelerate Energy by 456.6% in the second quarter. Squarepoint Ops LLC now owns 109,036 shares of the company's stock valued at $3,197,000 after buying an additional 89,448 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Excelerate Energy by 157.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company's stock valued at $57,000 after buying an additional 1,186 shares in the last quarter. Sourcerock Group LLC acquired a new position in Excelerate Energy in the second quarter valued at about $1,173,000. Finally, Lazard Asset Management LLC boosted its position in Excelerate Energy by 609.3% in the second quarter. Lazard Asset Management LLC now owns 24,798 shares of the company's stock valued at $725,000 after buying an additional 21,302 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.