Excelerate Energy (NYSE:EE) Sets New 52-Week High – Should You Buy?

Shares of Excelerate Energy, Inc. (NYSE:EE) reached 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 changing hands. The stock had previously closed at $31.43.

Analysts Set New Price Targets

EE has been the subject of several recent research reports. Stephens increased their price target on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Northland Securities raised their target price on Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Barclays boosted their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley raised their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company boosted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.00.

Excelerate Energy Stock Performance

The firm’s fifty day moving average is $26.82 and its 200-day moving average is $21.78. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $3.38 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43.

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

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were given 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio (DPR) is currently 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Excelerate Energy in the second quarter worth $26,000. Quarry LP increased its holdings in Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the period. Quantbot Technologies LP purchased a new stake in Excelerate Energy during the 3rd quarter worth about $94,000. US Bancorp DE acquired a new stake in Excelerate Energy in the 3rd quarter valued at about $130,000. Finally, SG Americas Securities LLC purchased a new position in shares of Excelerate Energy in the 3rd quarter valued at about $161,000. 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.