Excelerate Energy (NYSE:EE) Price Target Raised to $22.00

Excelerate Energy (NYSE:EE) had its target price lifted by Wells Fargo & Company from $19.00 to $22.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research firms also recently weighed in on EE. Northland Securities raised their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday. Barclays lifted their price target on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Stephens increased their price objective on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Excelerate Energy has an average rating of “Moderate Buy” and a consensus price target of $25.43.

Excelerate Energy Trading Up 1.0 %

Shares of EE stock traded up $0.27 during mid-day trading on Tuesday, reaching $27.85. The company’s stock had a trading volume of 96,812 shares, compared to its average volume of 214,928. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $28.60. The firm has a market capitalization of $2.98 billion, a PE ratio of 27.84 and a beta of 1.28. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company’s 50 day simple moving average is $22.72 and its 200-day simple moving average is $19.93.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. During the same period in the previous year, the company posted $0.40 earnings per share. On average, research analysts predict that Excelerate Energy will post 1.18 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be paid a $0.06 dividend. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is currently 10.10%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Excelerate Energy during the 3rd quarter worth about $4,385,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Excelerate Energy during the first quarter worth approximately $2,202,000. Algert Global LLC bought a new stake in shares of Excelerate Energy in the second quarter valued at approximately $1,915,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Excelerate Energy in the second quarter worth $1,569,000. Finally, Tortoise Capital Advisors L.L.C. raised its stake in Excelerate Energy by 10.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock valued at $15,012,000 after purchasing an additional 74,946 shares during the last quarter. 21.79% of the stock is 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.