Excelerate Energy (NYSE:EE) Given New $25.00 Price Target at Northland Securities

Excelerate Energy (NYSE:EE) had its price target boosted by Northland Securities from $23.00 to $25.00 in a research report released on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently commented on EE. Wells Fargo & Company raised their price objective on shares of Excelerate Energy from $19.00 to $20.00 and gave the stock an equal weight rating in a research report on Friday, August 9th. Stephens restated an overweight rating and issued a $21.00 price target on shares of Excelerate Energy in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Excelerate Energy has an average rating of Moderate Buy and an average target price of $22.17.

Excelerate Energy Price Performance

EE stock opened at $19.37 on Monday. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $18.57 and its 200 day simple moving average is $16.93. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $20.66. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 19.18 and a beta of 1.31.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Excelerate Energy had a net margin of 2.60% and a return on equity of 1.66%. The business had revenue of $183.33 million during the quarter, compared to analyst estimates of $259.14 million. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, analysts expect that Excelerate Energy will post 1.28 earnings per share for the current year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, August 21st. Excelerate Energy’s payout ratio is currently 9.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EE. BOKF NA grew its holdings in Excelerate Energy by 5.8% during the first quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after buying an additional 700 shares in the last quarter. nVerses Capital LLC purchased a new position in Excelerate Energy during the 2nd quarter worth $26,000. New York State Teachers Retirement System bought a new stake in shares of Excelerate Energy in the 1st quarter worth $26,000. Public Employees Retirement System of Ohio bought a new stake in shares of Excelerate Energy in the 1st quarter worth $38,000. Finally, Rhumbline Advisers raised its holdings in shares of Excelerate Energy by 9.6% in the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock valued at $539,000 after purchasing an additional 2,553 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.