Excelerate Energy (NYSE:EE) Trading Up 3.5% – Should You Buy?

Shares of Excelerate Energy, Inc. (NYSE:EE) shot up 3.5% during trading on Monday . The stock traded as high as $28.81 and last traded at $28.96. 134,361 shares were traded during trading, a decline of 40% from the average session volume of 223,215 shares. The stock had previously closed at $27.99.

Wall Street Analysts Forecast Growth

EE has been the subject of a number of research analyst reports. Stephens reiterated an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Northland Securities boosted their price objective 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. Morgan Stanley restated an “underweight” rating and issued a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Barclays upped their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Stock Up 0.5 %

The firm has a market cap of $2.84 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. The stock’s fifty day moving average is $29.52 and its two-hundred day moving average is $27.94. 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 Dividend Announcement

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

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors have recently added to or reduced their stakes in EE. Summit Investment Advisors Inc. grew its holdings in shares of Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock valued at $54,000 after purchasing an additional 400 shares in the last quarter. Quarry LP lifted its position in Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after purchasing an additional 409 shares during the last quarter. 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 worth $518,000 after buying an additional 494 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after buying an additional 845 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Excelerate Energy during the 4th quarter valued at about $27,000. 21.79% of the stock is owned by hedge funds and other 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.