Excelerate Energy (NYSE:EE) Earns “Overweight” Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Excelerate Energy (NYSE:EE) in a research note issued to investors on Monday,Benzinga reports. They currently have a $36.00 price objective on the stock.

EE has been the subject of a number of other reports. Northland Securities boosted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Barclays boosted their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, 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. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.17.

Excelerate Energy Trading Down 1.2 %

Excelerate Energy stock opened at $29.80 on Monday. The business has a 50-day simple moving average of $30.25 and a two-hundred day simple moving average of $26.54. The company has a market cap of $3.17 billion, a P/E ratio of 30.10, a P/E/G ratio of 5.82 and a beta of 1.41. Excelerate Energy has a 52-week low of $14.94 and a 52-week high of $32.99. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. Excelerate Energy’s dividend payout ratio (DPR) is 19.20%.

Institutional Trading of Excelerate Energy

Several hedge funds have recently modified their holdings of the company. Jefferies Financial Group Inc. purchased a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $275,000. Mackenzie Financial Corp raised its holdings in Excelerate Energy by 3.9% during the 4th quarter. Mackenzie Financial Corp now owns 72,646 shares of the company’s stock valued at $2,198,000 after buying an additional 2,740 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Excelerate Energy by 154.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,365 shares of the company’s stock valued at $1,161,000 after buying an additional 23,281 shares during the period. 10Elms LLP purchased a new stake in Excelerate Energy during the 4th quarter valued at $76,000. Finally, Two Sigma Advisers LP raised its holdings in Excelerate Energy by 9.1% during the 4th quarter. Two Sigma Advisers LP now owns 219,700 shares of the company’s stock valued at $6,646,000 after buying an additional 18,400 shares during the period. 21.79% of the stock is owned by hedge funds and other institutional investors.

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.