Northland Securities Issues Positive Forecast for Excelerate Energy (NYSE:EE) Stock Price

Excelerate Energy (NYSE:EE) had its target price raised by Northland Securities from $25.00 to $29.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently weighed in on EE. Barclays upped their price target 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. Wells Fargo & Company lowered Excelerate Energy from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $20.00 to $19.00 in a report on Friday, August 30th. 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 given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Excelerate Energy presently has an average rating of “Moderate Buy” and an average target price of $24.57.

Excelerate Energy Trading Down 4.3 %

EE opened at $26.75 on Monday. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $28.60. The company has a market capitalization of $2.86 billion, a P/E ratio of 27.02 and a beta of 1.28. The stock’s fifty day moving average is $22.36 and its two-hundred day moving average is $19.83. 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 announced its quarterly 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. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. During the same quarter last year, the firm posted $0.40 earnings per share. Analysts forecast that Excelerate Energy will post 1.18 earnings per share 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 issued a $0.06 dividend. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.90%. The ex-dividend date is Wednesday, November 20th. Excelerate Energy’s payout ratio is currently 10.10%.

Institutional Trading of Excelerate Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC acquired a new position in Excelerate Energy during the 1st quarter valued at about $886,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Excelerate Energy during the first quarter valued at about $2,202,000. Bailard Inc. purchased a new position in shares of Excelerate Energy in the 2nd quarter valued at approximately $297,000. Allspring Global Investments Holdings LLC acquired a new stake in Excelerate Energy in the 1st quarter worth approximately $118,000. Finally, Marshall Wace LLP grew its position in Excelerate Energy by 28.2% during the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after purchasing an additional 74,491 shares during the last quarter. Hedge funds and other institutional investors 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.