Excelerate Energy (NYSE:EE) Price Target Raised to $22.00 at Wells Fargo & Company

Excelerate Energy (NYSE:EE) had its target price upped by Wells Fargo & Company from $19.00 to $22.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts also recently commented on the company. Stephens lifted their target price on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Barclays upped their target price on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Northland Securities boosted their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.57.

Excelerate Energy Trading Up 0.2 %

NYSE EE opened at $27.96 on Tuesday. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $28.60. The business’s fifty day moving average is $22.17 and its 200 day moving average is $19.75. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 28.24 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data 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 net margin of 3.14% and a return on equity of 1.39%. 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 business earned $0.40 EPS. As a group, sell-side analysts expect that Excelerate Energy will post 1.18 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.86%. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is presently 10.10%.

Institutional Trading of Excelerate Energy

Several hedge funds have recently modified their holdings of EE. Jacobs Levy Equity Management Inc. bought a new stake in Excelerate Energy in the 1st quarter valued at about $2,202,000. Bailard Inc. bought a new stake in shares of Excelerate Energy during the second quarter valued at approximately $297,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Excelerate Energy during the first quarter valued at approximately $118,000. Marshall Wace LLP lifted its holdings in shares of Excelerate Energy by 28.2% in the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after purchasing an additional 74,491 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Excelerate Energy by 836.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,707 shares of the company’s stock valued at $658,000 after purchasing an additional 31,892 shares during the period. Institutional investors own 21.79% of the company’s stock.

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.