Excelerate Energy, Inc. (NYSE:EE) Receives Consensus Rating of “Hold” from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.17.

EE has been the subject of a number of recent research reports. Morgan Stanley restated an “underweight” rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Barclays raised 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. Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a report on Friday, March 28th. Stephens reissued an “overweight” rating and issued a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th.

Excelerate Energy Stock Performance

Shares of EE stock opened at $24.74 on Monday. The firm has a market cap of $2.62 billion, a PE ratio of 24.99, a P/E/G ratio of 5.82 and a beta of 1.37. Excelerate Energy has a 12 month low of $14.98 and a 12 month high of $32.99. The company’s fifty day simple moving average is $29.21 and its 200-day simple moving average is $28.06. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy’s dividend payout ratio is 19.20%.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. bought a new stake in shares of Excelerate Energy during the 3rd quarter worth about $214,000. Quantbot Technologies LP acquired a new stake in Excelerate Energy during the third quarter worth approximately $94,000. FMR LLC boosted its holdings in shares of Excelerate Energy by 134.2% during the third quarter. FMR LLC now owns 23,134 shares of the company’s stock worth $509,000 after acquiring an additional 13,257 shares during the period. Martingale Asset Management L P grew its position in shares of Excelerate Energy by 39.8% in the third quarter. Martingale Asset Management L P now owns 27,690 shares of the company’s stock valued at $609,000 after purchasing an additional 7,880 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in shares of Excelerate Energy by 27.8% in the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after purchasing an additional 3,855 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.