Excelerate Energy, Inc. (NYSE:EE) Receives $31.17 Consensus Price Target from Brokerages

Excelerate Energy, Inc. (NYSE:EE) has earned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.17.

EE has been the topic of a number of research analyst reports. Barclays boosted their price objective 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. Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Stephens reiterated an “overweight” rating and set a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th.

Excelerate Energy Stock Performance

Shares of EE opened at $24.74 on Monday. The stock has a market capitalization of $2.62 billion, a P/E ratio of 24.99, a P/E/G ratio of 5.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy has a 1 year low of $14.94 and a 1 year high of $32.99. The company’s fifty day moving average is $29.21 and its two-hundred day moving average is $27.95.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy’s dividend payout ratio is currently 19.20%.

Institutional Investors Weigh In On Excelerate Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EE. TimesSquare Capital Management LLC acquired a new stake in Excelerate Energy during the fourth quarter valued at approximately $13,854,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Excelerate Energy by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company’s stock valued at $13,168,000 after purchasing an additional 60,691 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Excelerate Energy by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock valued at $10,836,000 after purchasing an additional 44,400 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Excelerate Energy by 94.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock worth $10,591,000 after buying an additional 169,924 shares during the period. Finally, Millennium Management LLC raised its position in Excelerate Energy by 12.0% during the fourth quarter. Millennium Management LLC now owns 327,534 shares of the company’s stock valued at $9,908,000 after buying an additional 35,199 shares during the period. Institutional investors own 21.79% of the company’s stock.

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.