Brokerages Set Excelerate Energy, Inc. (NYSE:EE) Price Target at $31.17

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $31.17.

A number of research firms have recently commented on EE. Barclays raised their target price on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. reissued 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. Stephens restated an “overweight” rating and issued a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company increased their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st.

Excelerate Energy Stock Down 1.2 %

EE stock opened at $28.38 on Thursday. Excelerate Energy has a one year low of $14.94 and a one year high of $32.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The firm’s fifty day moving average is $30.15 and its 200 day moving average is $26.79. The firm has a market cap of $3.01 billion, a PE ratio of 28.67, a P/E/G ratio of 5.82 and a beta of 1.39.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. Excelerate Energy’s payout ratio is currently 19.20%.

Institutional Investors Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in EE. Summit Investment Advisors Inc. raised its position in shares of Excelerate Energy by 28.8% in the fourth 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 boosted its position in Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after acquiring an additional 409 shares during the last quarter. Sterling Capital Management LLC grew its stake in Excelerate Energy by 3.0% during the 4th quarter. Sterling Capital Management LLC now owns 17,119 shares of the company’s stock valued at $518,000 after acquiring an additional 494 shares in the last quarter. SG Americas Securities LLC raised its holdings in Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock valued at $246,000 after acquiring an additional 845 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Excelerate Energy in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.