Excelerate Energy (NYSE:EE) Shares Up 6.3% After Analyst Upgrade

Excelerate Energy, Inc. (NYSE:EE)’s stock price rose 6.3% during mid-day trading on Friday after Barclays raised their price target on the stock from $31.00 to $32.00. Barclays currently has an overweight rating on the stock. Excelerate Energy traded as high as $31.37 and last traded at $31.26. Approximately 107,775 shares were traded during trading, a decline of 46% from the average daily volume of 198,127 shares. The stock had previously closed at $29.40.

A number of other equities analysts have also weighed in on the company. Northland Securities upped their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Stephens upped their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Wells Fargo & Company upped their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley restated an “underweight” rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Three equities 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.17.

Institutional Investors Weigh In On Excelerate Energy

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in Excelerate Energy in the 4th quarter worth approximately $27,000. Aquatic Capital Management LLC purchased a new position in Excelerate Energy during the fourth quarter valued at $33,000. 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 valued at $40,000 after buying an additional 409 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock valued at $54,000 after buying an additional 400 shares during the last quarter. Finally, 10Elms LLP purchased a new position in Excelerate Energy during the fourth quarter valued at $76,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Stock Up 4.1 %

The stock has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $26.27. The firm has a market cap of $3.25 billion, a PE ratio of 30.92, a PEG ratio of 5.82 and a beta of 1.41. 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 disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy’s payout ratio is 24.24%.

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.