Excelerate Energy, Inc. (NYSE:EE) Given Consensus Rating of “Hold” by Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.33.

EE has been the subject of several analyst reports. Northland Securities upped their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Barclays increased their price target on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Wells Fargo & Company upped 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. Finally, Stephens raised their target price 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.

Excelerate Energy Stock Up 0.9 %

EE stock opened at $32.31 on Wednesday. The company’s 50 day moving average is $30.21 and its 200 day moving average is $24.02. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $32.47.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.40 EPS. Sell-side analysts predict that Excelerate Energy will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were paid a $0.06 dividend. The ex-dividend date was Wednesday, November 20th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. Excelerate Energy’s payout ratio is currently 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds and other institutional investors have recently modified their holdings of EE. Rhumbline Advisers boosted 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 buying an additional 2,553 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Excelerate Energy in the second quarter worth approximately $1,569,000. Dimensional Fund Advisors LP boosted its stake in shares of Excelerate Energy by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock worth $3,252,000 after acquiring an additional 20,661 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Excelerate Energy by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock valued at $4,597,000 after acquiring an additional 18,282 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Excelerate Energy by 28.2% in the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after purchasing an additional 74,491 shares in the last quarter. 21.79% of the stock is owned by institutional investors.

About Excelerate Energy

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.