Excelerate Energy (NYSE:EE) Reaches New 12-Month High – What’s Next?

Excelerate Energy, Inc. (NYSE:EE)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $32.25 and last traded at $32.20, with a volume of 86649 shares trading hands. The stock had previously closed at $31.43.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley lifted their target price on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. 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 report on Tuesday, November 12th. Northland Securities raised their target price on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Barclays lifted their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Stephens increased their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.00.

Excelerate Energy Trading Up 1.3 %

The stock’s 50 day moving average is $26.82 and its 200-day moving average is $21.78. 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 $3.38 billion, a PE ratio of 32.16, a P/E/G ratio of 2.28 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The company had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.06 per share. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, November 20th. Excelerate Energy’s payout ratio is currently 24.24%.

Institutional Trading of Excelerate Energy

A number of large investors have recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. boosted its position in Excelerate Energy by 10.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock valued at $15,012,000 after acquiring an additional 74,946 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Excelerate Energy by 28.2% in the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after purchasing an additional 74,491 shares during the period. Renaissance Technologies LLC raised its position in Excelerate Energy by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock worth $4,597,000 after buying an additional 18,282 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Excelerate Energy during the third quarter valued at $4,385,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Excelerate Energy by 40.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock valued at $3,966,000 after buying an additional 52,007 shares during the last quarter. 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.