Excelerate Energy (NYSE:EE) Price Target Raised to $25.00

Excelerate Energy (NYSE:EE) had its price target raised by Morgan Stanley from $23.00 to $25.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company increased their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Northland Securities lifted their price objective on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Barclays upped their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Stephens lifted their price target on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.43.

Excelerate Energy Price Performance

Shares of NYSE:EE opened at $27.54 on Thursday. The company has a market cap of $2.95 billion, a PE ratio of 27.82 and a beta of 1.28. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60. The firm has a 50-day simple moving average of $22.91 and a 200 day simple moving average of $20.03. 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 posted its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period in the prior year, the company earned $0.40 earnings per share. On average, sell-side analysts anticipate that Excelerate Energy will post 1.18 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.06 per share. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Institutional Trading of Excelerate Energy

Several institutional investors have recently modified their holdings of EE. Quarry LP increased its holdings in shares of Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after buying an additional 409 shares in the last quarter. BOKF NA raised its position in shares of Excelerate Energy by 5.8% during the first quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after purchasing an additional 700 shares during the period. nVerses Capital LLC purchased a new stake in shares of Excelerate Energy during the second quarter valued at $26,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Excelerate Energy during the first quarter valued at $38,000. Finally, Rhumbline Advisers boosted its position in shares of Excelerate Energy by 9.6% in the 2nd quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock valued at $539,000 after purchasing an additional 2,553 shares during the period. Institutional investors and hedge funds 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.