Brokerages Set Excelerate Energy, Inc. (NYSE:EE) PT at $39.00

Excelerate Energy, Inc. (NYSE:EE) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $38.5556.

A number of analysts recently commented on EE shares. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Northland Securities set a $50.00 price objective on shares of Excelerate Energy in a research note on Friday, January 30th. Wells Fargo & Company lowered their target price on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday. Barclays increased their target price on Excelerate Energy from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Dnb Carnegie cut Excelerate Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th.

Excelerate Energy Trading Up 4.8%

Shares of Excelerate Energy stock opened at $35.52 on Tuesday. The stock has a market capitalization of $4.05 billion, a P/E ratio of 28.88, a P/E/G ratio of 1.19 and a beta of 1.32. Excelerate Energy has a 52-week low of $21.28 and a 52-week high of $43.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.60 and a current ratio of 2.60. The stock’s 50-day simple moving average is $34.62 and its 200 day simple moving average is $32.32.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $433.44 million for the quarter, compared to the consensus estimate of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.Excelerate Energy’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, research analysts anticipate that Excelerate Energy will post 1.57 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.32 annualized dividend and a yield of 0.9%. Excelerate Energy’s dividend payout ratio (DPR) is currently 26.02%.

Insiders Place Their Bets

In other Excelerate Energy news, insider Oliver Simpson sold 6,000 shares of Excelerate Energy stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $34.15, for a total transaction of $204,900.00. Following the completion of the transaction, the insider owned 51,719 shares of the company’s stock, valued at $1,766,203.85. The trade was a 10.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Excelerate Energy

Large investors have recently modified their holdings of the company. Copeland Capital Management LLC bought a new stake in Excelerate Energy during the 4th quarter worth approximately $30,658,000. Wellington Management Group LLP boosted its holdings in Excelerate Energy by 24.9% in the 4th quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after purchasing an additional 719,148 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Excelerate Energy by 328.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock valued at $13,292,000 after purchasing an additional 347,521 shares during the period. Kayne Anderson Capital Advisors LP grew its position in shares of Excelerate Energy by 77.3% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 781,623 shares of the company’s stock valued at $19,689,000 after purchasing an additional 340,747 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Excelerate Energy during the 1st quarter valued at $10,862,000. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Company Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.