Excelerate Energy (NYSE:EE) Trading 3.5% Higher – Should You Buy?

Excelerate Energy, Inc. (NYSE:EE)’s stock price rose 3.5% during mid-day trading on Monday . The company traded as high as $28.81 and last traded at $28.96. Approximately 134,361 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 223,215 shares. The stock had previously closed at $27.99.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EE shares. Northland Securities raised their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a report on Friday. Stephens reissued an “overweight” rating and set a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Barclays lifted their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.17.

Excelerate Energy Trading Up 2.1 %

The stock has a market capitalization of $3.03 billion, a PE ratio of 28.96, a P/E/G ratio of 5.82 and a beta of 1.39. The company’s 50 day moving average price is $29.71 and its two-hundred day moving average price is $27.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a $0.06 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.84%. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EE. Summit Investment Advisors Inc. boosted its position in shares of 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 acquiring an additional 400 shares during the last quarter. Quarry LP raised its stake 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 purchasing an additional 409 shares during the period. Sterling Capital Management LLC boosted its holdings in Excelerate Energy by 3.0% in the 4th quarter. Sterling Capital Management LLC now owns 17,119 shares of the company’s stock valued at $518,000 after purchasing an additional 494 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of 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 buying an additional 845 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds 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.