Excelerate Energy’s (EE) “Overweight” Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Excelerate Energy (NYSE:EE) in a report issued on Monday morning,Benzinga reports. Stephens currently has a $36.00 target price on the stock.

Several other research analysts have also recently issued reports on the stock. Barclays raised their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Morgan Stanley restated an “underweight” rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Northland Securities lifted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Excelerate Energy has a consensus rating of “Hold” and a consensus target price of $31.17.

Excelerate Energy Trading Down 1.2 %

EE stock opened at $29.80 on Monday. The company has a market capitalization of $3.17 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. Excelerate Energy has a one year low of $14.94 and a one year high of $32.99. The company’s 50 day moving average price is $30.25 and its two-hundred day moving average price is $26.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

Institutional Trading of Excelerate Energy

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in shares of Excelerate Energy in the 4th quarter worth about $27,000. Aquatic Capital Management LLC purchased a new position in shares of Excelerate Energy in the 4th quarter worth about $33,000. Quarry LP raised its position in shares of Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Excelerate Energy by 28.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock worth $54,000 after purchasing an additional 400 shares during the last quarter. Finally, 10Elms LLP purchased a new position in shares of Excelerate Energy in the 4th quarter worth about $76,000. Institutional investors own 21.79% of the company’s stock.

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.