Excelerate Energy (NYSE:EE) Given New $37.00 Price Target at Northland Securities

Excelerate Energy (NYSE:EE) had its target price lifted by Northland Securities from $29.00 to $37.00 in a research note released on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on EE. Barclays upped their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Stephens increased their target price on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley upped their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company boosted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Excelerate Energy has a consensus rating of “Hold” and an average target price of $28.33.

Excelerate Energy Stock Up 0.7 %

Shares of NYSE:EE traded up $0.19 during midday trading on Wednesday, hitting $29.17. 16,044 shares of the company’s stock traded hands, compared to its average volume of 219,452. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $32.25. The company has a market cap of $3.10 billion, a PE ratio of 29.46, a P/E/G ratio of 2.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The firm’s fifty day moving average price is $27.26 and its two-hundred day moving average price is $22.05.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. During the same quarter last year, the firm earned $0.40 earnings per share. On average, equities research analysts anticipate that Excelerate Energy will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.06 per share. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, November 20th. This represents a $0.24 annualized dividend and a yield of 0.82%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Institutional Trading of Excelerate Energy

A number of large investors have recently added to or reduced their stakes in EE. nVerses Capital LLC acquired a new stake in shares of Excelerate Energy during the second quarter worth approximately $26,000. Quarry LP grew its holdings in shares of Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after acquiring an additional 409 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Excelerate Energy in the third quarter worth $94,000. US Bancorp DE acquired a new stake in shares of Excelerate Energy during the 3rd quarter valued at about $130,000. Finally, SG Americas Securities LLC acquired a new stake in Excelerate Energy in the 3rd quarter worth approximately $161,000. 21.79% of the stock is currently owned by institutional investors.

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.