Excelerate Energy (NYSE:EE) Given New $32.00 Price Target at Barclays

Excelerate Energy (NYSE:EE) had its target price lifted by Barclays from $31.00 to $32.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

EE has been the topic of a number of other reports. Northland Securities boosted their price target on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Morgan Stanley restated an “underweight” rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Wells Fargo & Company boosted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens boosted their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Excelerate Energy currently has a consensus rating of “Hold” and an average price target of $31.17.

Excelerate Energy Stock Performance

Shares of EE opened at $30.61 on Friday. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $30.27 and its 200-day moving average price is $26.27. Excelerate Energy has a 52 week low of $13.80 and a 52 week high of $32.99. The stock has a market cap of $3.25 billion, a P/E ratio of 30.92, a P/E/G ratio of 5.82 and a beta of 1.41.

Excelerate Energy Dividend Announcement

The business also recently announced 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 0.78%. Excelerate Energy’s dividend payout ratio is presently 24.24%.

Institutional Investors Weigh In On Excelerate Energy

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in Excelerate Energy during the 4th quarter valued at $27,000. Aquatic Capital Management LLC purchased a new stake in Excelerate Energy during the 4th quarter valued at $33,000. Summit Investment Advisors Inc. raised its stake in Excelerate Energy by 28.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock valued at $54,000 after buying an additional 400 shares during the last quarter. Quarry LP raised its stake in Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after buying an additional 409 shares during the last quarter. Finally, 10Elms LLP purchased a new stake in Excelerate Energy during the 4th quarter valued at $76,000. 21.79% of the stock is currently 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.