Excelerate Energy (NYSE:EE) Stock Price Up 3.5%

Excelerate Energy, Inc. (NYSE:EE) shares traded up 3.5% during mid-day trading on Friday . The stock traded as high as $16.08 and last traded at $16.08. 47,580 shares were traded during mid-day trading, a decline of 78% from the average session volume of 214,569 shares. The stock had previously closed at $15.54.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. 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. 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. Finally, Northland Securities assumed coverage on Excelerate Energy in a research note on Monday, February 26th. They set an “outperform” rating and a $23.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Excelerate Energy Stock Performance

The company has a market capitalization of $1.76 billion, a P/E ratio of 15.09 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.42 and a current ratio of 3.43. The business has a 50 day moving average of $15.18 and a 200-day moving average of $15.54.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $240.06 million during the quarter, compared to the consensus estimate of $265.31 million. Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. On average, sell-side analysts predict that Excelerate Energy, Inc. will post 1.1 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.62%. Excelerate Energy’s dividend payout ratio is currently 9.71%.

Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Excelerate Energy in the 4th quarter worth about $18,206,000. FMR LLC purchased a new stake in Excelerate Energy during the 2nd quarter valued at about $12,948,000. SIR Capital Management L.P. boosted its holdings in Excelerate Energy by 161.6% during the 1st quarter. SIR Capital Management L.P. now owns 671,789 shares of the company’s stock valued at $14,873,000 after acquiring an additional 414,999 shares during the period. State Street Corp purchased a new stake in Excelerate Energy during the 2nd quarter valued at about $5,695,000. Finally, Legal & General Group Plc purchased a new stake in Excelerate Energy during the 2nd quarter valued at about $5,360,000. 21.79% of the stock is currently owned by institutional investors.

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.