Brokerages Set Excelerate Energy, Inc. (NYSE:EE) PT at $31.17

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.17.

A number of equities research analysts have recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Barclays raised their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st.

Institutional Investors Weigh In On Excelerate Energy

Large investors have recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in shares of Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock worth $54,000 after buying an additional 400 shares during the period. Rhumbline Advisers lifted its position in Excelerate Energy by 1.5% during the 1st quarter. Rhumbline Advisers now owns 31,903 shares of the company’s stock worth $915,000 after acquiring an additional 471 shares during the period. Sterling Capital Management LLC grew its stake in shares of Excelerate Energy by 3.0% in the 4th quarter. Sterling Capital Management LLC now owns 17,119 shares of the company’s stock valued at $518,000 after purchasing an additional 494 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock valued at $246,000 after purchasing an additional 845 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Excelerate Energy during the fourth quarter worth approximately $27,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $26.79 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The firm has a market cap of $2.84 billion, a PE ratio of 27.06, a PEG ratio of 5.82 and a beta of 1.37. Excelerate Energy has a one year low of $16.70 and a one year high of $32.99. The firm has a fifty day moving average of $27.70 and a 200 day moving average of $28.49.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

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.