Excelerate Energy, Inc. (NYSE:EE) Receives $23.00 Consensus Target Price from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.00.

A number of research analysts have weighed in on the company. StockNews.com raised Excelerate Energy from a "sell" rating to a "hold" rating in a report on Saturday, March 9th. Raymond James decreased their price objective on Excelerate Energy from $26.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, January 19th. Morgan Stanley decreased their price objective on Excelerate Energy from $30.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 13th. Finally, Northland Securities started coverage on Excelerate Energy in a research note on Monday, February 26th. They issued an "outperform" rating and a $23.00 price objective on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC purchased a new position in shares of Excelerate Energy in the 3rd quarter valued at $1,451,000. Adage Capital Partners GP L.L.C. grew its stake in Excelerate Energy by 19.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 312,500 shares of the company's stock worth $5,325,000 after buying an additional 50,000 shares during the last quarter. Pacer Advisors Inc. grew its stake in Excelerate Energy by 16.5% during the 4th quarter. Pacer Advisors Inc. now owns 48,576 shares of the company's stock worth $751,000 after buying an additional 6,890 shares during the last quarter. Swiss National Bank grew its stake in Excelerate Energy by 2.0% during the 3rd quarter. Swiss National Bank now owns 40,400 shares of the company's stock worth $688,000 after buying an additional 800 shares during the last quarter. Finally, Viking Fund Management LLC grew its stake in Excelerate Energy by 25.0% during the 4th quarter. Viking Fund Management LLC now owns 100,000 shares of the company's stock worth $1,546,000 after buying an additional 20,000 shares during the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Stock Up 0.1 %

Shares of NYSE EE traded up $0.02 during trading on Monday, reaching $15.31. The company had a trading volume of 220,015 shares, compared to its average volume of 218,695. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $23.74. The stock has a market cap of $1.66 billion, a PE ratio of 14.84 and a beta of 1.41. The business's 50-day moving average is $15.08 and its 200 day moving average is $15.57. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.38.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). The business had revenue of $240.06 million for the quarter, compared to the consensus estimate of $265.31 million. Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. As a group, equities analysts forecast that Excelerate Energy will post 1.1 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is presently 9.71%.

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.