Excelerate Energy, Inc. (NYSE:EE) Receives $35.50 Average PT from Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.50.

A number of equities analysts have commented on the company. Jefferies Financial Group increased their target price on Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $44.00 price target on shares of Excelerate Energy in a research report on Friday, February 6th. Morgan Stanley set a $30.00 price objective on Excelerate Energy and gave the company an “equal weight” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Excelerate Energy in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Excelerate Energy from a “hold” rating to a “buy” rating in a report on Sunday, January 11th.

Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors have recently bought and sold shares of EE. Arax Advisory Partners grew its stake in shares of Excelerate Energy by 791.9% in the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after buying an additional 784 shares during the period. AlphaQuest LLC acquired a new position in Excelerate Energy in the second quarter valued at approximately $30,000. State of Alaska Department of Revenue acquired a new position in Excelerate Energy in the third quarter valued at approximately $30,000. Global Retirement Partners LLC purchased a new position in Excelerate Energy in the fourth quarter worth approximately $33,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Excelerate Energy in the third quarter worth approximately $38,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Stock Performance

NYSE:EE opened at $42.10 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.39 and a current ratio of 2.39. The company has a fifty day moving average of $33.29 and a two-hundred day moving average of $28.42. The stock has a market capitalization of $4.80 billion, a PE ratio of 29.24, a P/E/G ratio of 1.34 and a beta of 1.36. Excelerate Energy has a fifty-two week low of $21.28 and a fifty-two week high of $43.03.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 11th. Excelerate Energy’s payout ratio is currently 22.22%.

Excelerate Energy announced that its Board of Directors has initiated a share repurchase program on Thursday, December 11th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Excelerate Energy Company Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.