Excelerate Energy (NYSE:EE) Given New $37.00 Price Target at Northland Securities

Excelerate Energy (NYSE:EE) had its price target lifted by Northland Securities from $29.00 to $37.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on EE. Morgan Stanley boosted their target price on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Barclays raised their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stephens upped their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company raised their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Excelerate Energy currently has an average rating of “Hold” and a consensus price target of $28.33.

Excelerate Energy Price Performance

Shares of NYSE EE traded up $0.19 during midday trading on Wednesday, hitting $29.17. The company had a trading volume of 16,044 shares, compared to its average volume of 219,452. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $32.25. The business has a 50-day simple moving average of $27.26 and a two-hundred day simple moving average of $22.05. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.40 earnings per share. Equities research analysts anticipate that Excelerate Energy will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio (DPR) is 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors have recently added to or reduced their stakes in EE. nVerses Capital LLC acquired a new stake in Excelerate Energy in the 2nd quarter worth about $26,000. Quarry LP boosted its position in shares of Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after acquiring an additional 409 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Excelerate Energy in the third quarter valued at approximately $94,000. US Bancorp DE acquired a new position in Excelerate Energy during the third quarter worth approximately $130,000. Finally, SG Americas Securities LLC purchased a new position in Excelerate Energy during the third quarter worth approximately $161,000. 21.79% of the stock is currently 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.