Excelerate Energy (NYSE:EE) is trading 3.5% higher

The shares of Excelerate Energy, Inc. (NYSE:EE – Get Free Report) rose 3.5% on Friday. The stock traded as high as $16.08 and last traded at $16.08. During afternoon trading, 47,580 shares changed hands, down 78% from the average session volume of 214,569 shares. The stock previously closed at $15.54.

Wall Street analysts weigh in

Several research firms have recently given their opinions on EE. StockNews.com raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Morgan Stanley lowered their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an “equalweight” rating for the company in a report on Tuesday, February 13. Northland Securities initiated coverage on shares of Excelerate Energy in a report on Monday, February 26th. They issued an “outperform” rating and a $23.00 price target for the company. Finally, Raymond James lowered their price objective on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Check out our latest report on Excelerate Energy

Excelerate energy stock rises by 4.5%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.42 and a current ratio of 3.43. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 15.77 and a beta of 1.41. The stock’s fifty day simple moving average is $15.22 and its two hundred day simple moving average is $15.53.

Excelerate Energy (NYSE:EE – Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. The company had revenue of $240.06 million for the quarter, compared to analyst expectations of $265.31 million. On average, sell-side analysts expect Excelerate Energy, Inc. will post earnings per share of 1.1 for the current year.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28. A dividend of $0.025 per share was paid to known shareholders on Wednesday, March 13. This represents a dividend of $0.10 annually and a yield of 0.62%. The ex-dividend date was Tuesday, March 12. Excelerate Energy’s dividend payout ratio currently stands at 9.71%.

Institutional trading in Excelerate Energy

A number of hedge funds have recently bought and sold shares of EE. JPMorgan Chase & Co. purchased a new stake in Excelerate Energy during the second quarter worth approximately $721,000. Rhumbline Advisers acquired a new position in shares of Excelerate Energy during the second quarter worth approximately $882,000. FMR LLC acquired a new position in shares of Excelerate Energy during the second quarter valued at approximately $12,948,000. LPL Financial LLC acquired a new position in shares of Excelerate Energy during the second quarter valued at approximately $905,000. Finally, Northern Trust Corp acquired a new position in shares of Excelerate Energy in the second quarter worth approximately $3,113,000. 21.79% of the shares are held by hedge funds and other institutional investors.

About Excelerate Energy

(Get a free report)

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 supply, procurement and distribution of LNG and natural gas; LNG terminal services; and natural gas supply to energy projects.

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