Excelerate Energy, Inc. (NYSE:EE) Receives Average Rating of “Hold” from Brokerages

Excelerate Energy, Inc. (NYSE:EE) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.17.

Several analysts have recently commented on EE shares. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Northland Securities raised their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Stephens restated an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Barclays raised their target price 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 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st.

Hedge Funds Weigh In On Excelerate Energy

A number of hedge funds have recently added to or reduced their stakes in EE. TimesSquare Capital Management LLC acquired a new position in Excelerate Energy during the 4th quarter valued at about $13,854,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $4,385,000. Wellington Management Group LLP purchased a new position in shares of Excelerate Energy in the 4th quarter worth approximately $5,921,000. Raymond James Financial Inc. purchased a new position in shares of Excelerate Energy in the 4th quarter worth approximately $5,510,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Excelerate Energy by 94.3% in the 4th 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 last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

EE stock opened at $28.42 on Thursday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $30.07 and a 200-day moving average price of $26.86. The firm has a market cap of $3.01 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. Excelerate Energy has a 1-year low of $14.94 and a 1-year high of $32.99.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.84%. Excelerate Energy’s dividend payout ratio (DPR) is currently 19.20%.

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.