Excelerate Energy (NYSE:EE) Price Target Raised to $25.00

Excelerate Energy (NYSE:EE) had its target price hoisted by Morgan Stanley from $23.00 to $25.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also recently weighed in on EE. Wells Fargo & Company boosted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday. Northland Securities upped their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday. Stephens raised their price objective on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Barclays boosted their target price on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.43.

Excelerate Energy Trading Down 0.3 %

Shares of NYSE:EE traded down $0.07 during trading on Thursday, reaching $27.51. The company’s stock had a trading volume of 210,285 shares, compared to its average volume of 215,439. The stock has a market capitalization of $2.95 billion, a PE ratio of 27.89 and a beta of 1.28. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $28.60. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm’s 50 day simple moving average is $22.72 and its two-hundred day simple moving average is $19.93.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period last year, the company earned $0.40 EPS. On average, research analysts predict that Excelerate Energy will post 1.18 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a $0.06 dividend. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is currently 24.24%.

Institutional Trading of Excelerate Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP increased its stake in shares of Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after buying an additional 409 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Excelerate Energy by 40.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after acquiring an additional 52,007 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Excelerate Energy during the 3rd quarter valued at about $200,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at about $4,385,000. Finally, PDT Partners LLC lifted its position in shares of Excelerate Energy by 85.5% in the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock worth $1,034,000 after purchasing an additional 21,645 shares during the period. 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.