Excelerate Energy (NYSE:EE) Sets New 12-Month High – Still a Buy?

Excelerate Energy, Inc. (NYSE:EE) shares hit a new 52-week high during trading on Monday . The stock traded as high as $28.74 and last traded at $28.53, with a volume of 133310 shares trading hands. The stock had previously closed at $27.54.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EE. Wells Fargo & Company raised their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Morgan Stanley raised their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday. Northland Securities lifted their target price on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Barclays lifted their target price on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Stephens lifted their target price on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.67.

Excelerate Energy Stock Up 2.4 %

The stock has a market cap of $3.00 billion, a PE ratio of 27.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The business has a fifty day moving average of $22.91 and a 200-day moving average of $20.05.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Equities research analysts anticipate that Excelerate Energy, Inc. will post 1.17 earnings per share for the current year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is presently 10.10%.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. increased its position in shares of Excelerate Energy by 10.1% in 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 during the period. Marshall Wace LLP boosted its holdings in 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 last quarter. Renaissance Technologies LLC boosted its holdings in Excelerate Energy by 7.9% in the second quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock valued at $4,597,000 after purchasing an additional 18,282 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in Excelerate Energy in the third quarter valued at $4,385,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Excelerate Energy by 40.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock valued at $3,966,000 after purchasing an additional 52,007 shares during the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Company Profile

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.