Excelerate Energy (NYSE:EE) Sets New 52-Week High – Here’s What Happened

Excelerate Energy, Inc. (NYSE:EE)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $32.26 and last traded at $31.91, with a volume of 31391 shares trading hands. The stock had previously closed at $31.63.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Stephens lifted their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Northland Securities boosted their price target on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Finally, Barclays boosted their price target on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Excelerate Energy presently has a consensus rating of “Hold” and an average price target of $28.33.

Excelerate Energy Trading Up 0.0 %

The business has a 50-day moving average price of $28.96 and a two-hundred day moving average price of $23.17. The stock has a market capitalization of $3.36 billion, a P/E ratio of 31.96, a P/E/G ratio of 2.28 and a beta of 1.42. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping 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 company had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio is 24.24%.

Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP increased its holdings in Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares in the last quarter. Rhumbline Advisers increased its holdings in Excelerate Energy by 9.6% in the 2nd quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after purchasing an additional 2,553 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of Excelerate Energy by 5.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock valued at $1,073,000 after buying an additional 2,900 shares during the last quarter. Verition Fund Management LLC grew its position in shares of Excelerate Energy by 27.8% in the 3rd quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after buying an additional 3,855 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at about $94,000. Institutional investors and hedge funds 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.