Excelerate Energy (NYSE:EE) Price Target Raised to $29.00 at Northland Securities

Excelerate Energy (NYSE:EE) had its price target increased by Northland Securities from $25.00 to $29.00 in a research report report published on Monday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on EE. Wells Fargo & Company downgraded shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $20.00 to $19.00 in a research report on Friday, August 30th. Stephens raised their price target on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, 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 note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.43.

Excelerate Energy Stock Up 0.8 %

Excelerate Energy stock opened at $27.80 on Monday. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60. The company has a market cap of $2.98 billion, a PE ratio of 27.84 and a beta of 1.28. 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 business’s 50-day simple moving average is $22.72 and its two-hundred day simple moving average is $19.93.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $193.42 million for the quarter, compared to the consensus estimate of $194.09 million. During the same quarter in the prior year, the company earned $0.40 EPS. Equities analysts anticipate that Excelerate Energy will post 1.18 EPS for the current year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be given a $0.06 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio (DPR) is currently 10.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EE. nVerses Capital LLC purchased a new stake in Excelerate Energy in the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio acquired a new position in Excelerate Energy in the 1st quarter valued at about $38,000. Quantbot Technologies LP acquired a new position in shares of Excelerate Energy in the third quarter valued at approximately $94,000. Allspring Global Investments Holdings LLC purchased a new position in Excelerate Energy in the 1st quarter valued at $118,000. Finally, US Bancorp DE acquired a new stake in Excelerate Energy in the third quarter valued at about $130,000. Hedge funds and other 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.