Shares of Excelerate Energy, Inc. (NYSE:EE – Get Rating) have received a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is 31.50.
A number of research firms recently weighed in on EE. StockNews.com raised Excelerate Energy from a "sell" rating to a "hold" rating in a report on Friday, August 19th. Wells Fargo & Company raised Excelerate Energy from an "equal weight" rating to an "overweight" rating and set a $29.00 target price on the stock in a report on Tuesday, July 5th. Finally, Barclays upped their price objective on Excelerate Energy to $30.00 in a report on Monday, August 15th.
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Institutional Trading of Excelerate Energy
Institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of Excelerate Energy during the 2nd quarter worth $85,000. Cincinnati Insurance Co. bought a new stake in shares of Excelerate Energy during the 2nd quarter worth $94,000. American International Group Inc. bought a new stake in shares of Excelerate Energy during the 2nd quarter worth $173,000. Point72 Hong Kong Ltd bought a new stake in shares of Excelerate Energy during the 2nd quarter worth $183,000. Finally, Jane Street Group LLC bought a new stake in shares of Excelerate Energy during the 2nd quarter worth $258,000. 30.98% of the stock is currently owned by institutional investors.
Excelerate Energy Price Performance
EE stock opened at 24.68 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.35 and a quick ratio of 2.13. Excelerate Energy has a 1-year low of 18.31 and a 1-year high of 30.82. The business's 50 day simple moving average is 24.83 and its 200 day simple moving average is 30.37.
Excelerate Energy Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 19th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%.
About Excelerate Energy
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Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.
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