Excelerate Energy (NYSE:EE) Reaches New 52-Week High – Still a Buy?

Shares of Excelerate Energy, Inc. (NYSE:EE) reached a new 52-week high during trading on Monday . The company traded as high as $32.26 and last traded at $31.91, with a volume of 31391 shares traded. The stock had previously closed at $31.63.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EE shares. Northland Securities lifted their price target on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Barclays increased their target price on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Morgan Stanley upped their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.71.

Excelerate Energy Stock Down 0.5 %

The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The firm’s 50-day moving average price is $29.25 and its 200 day moving average price is $23.36. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.28 and a beta of 1.42.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. During the same period last year, the company earned $0.40 earnings per share. Sell-side analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.82%. Excelerate Energy’s dividend payout ratio is currently 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP raised its position in shares of 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 buying an additional 74,491 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Excelerate Energy by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock valued at $4,597,000 after buying an additional 18,282 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Excelerate Energy during the third quarter valued at about $4,385,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Excelerate Energy by 40.6% in the third 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Excelerate Energy by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock valued at $3,252,000 after acquiring an additional 20,661 shares during the period. Institutional investors and hedge funds 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.