Brokerages Set Excelerate Energy, Inc. (NYSE:EE) Price Target at $32.29

Excelerate Energy, Inc. (NYSE:EE) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $32.29.

Several research firms have recently weighed in on EE. Wall Street Zen upgraded Excelerate Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Stephens reaffirmed an “overweight” rating and issued a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. Barclays boosted their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Finally, Jefferies Financial Group assumed coverage on Excelerate Energy in a report on Thursday, June 5th. They issued a “buy” rating and a $39.00 price target for the company.

Excelerate Energy Price Performance

EE stock opened at $30.67 on Friday. The stock has a market cap of $3.50 billion, a PE ratio of 30.98, a P/E/G ratio of 5.82 and a beta of 1.41. Excelerate Energy has a 12 month low of $17.02 and a 12 month high of $32.99. The company has a 50-day moving average price of $28.07 and a 200 day moving average price of $29.15. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $315.09 million for the quarter, compared to analysts’ expectations of $207.87 million. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. Excelerate Energy’s dividend payout ratio is presently 16.33%.

Institutional Trading of Excelerate Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC grew its holdings in Excelerate Energy by 4.4% in the first quarter. TimesSquare Capital Management LLC now owns 478,093 shares of the company’s stock worth $13,712,000 after purchasing an additional 20,095 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Excelerate Energy by 27.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock worth $12,698,000 after buying an additional 95,565 shares during the last quarter. Russell Investments Group Ltd. increased its position in Excelerate Energy by 45.9% during the 1st quarter. Russell Investments Group Ltd. now owns 435,948 shares of the company’s stock valued at $12,503,000 after buying an additional 137,120 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Excelerate Energy by 16.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company’s stock valued at $13,168,000 after buying an additional 60,691 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Excelerate Energy by 26.8% in the first quarter. Millennium Management LLC now owns 415,206 shares of the company’s stock valued at $11,908,000 after buying an additional 87,672 shares during the last quarter. 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.