A number of other research analysts have also issued reports on EE. Morgan Stanley reduced their target price on shares of Excelerate Energy from $33.00 to $30.00 and set an equal weight rating on the stock in a report on Wednesday, October 25th. Wells Fargo & Company upped their target price on shares of Excelerate Energy from $18.00 to $20.00 and gave the company an overweight rating in a report on Thursday, November 16th. Finally, Raymond James upped their target price on shares of Excelerate Energy from $25.00 to $26.00 and gave the company an outperform rating in a report on Friday, November 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $26.29.
Excelerate Energy Price Performance
Excelerate Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Tuesday, November 28th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, November 27th. Excelerate Energy’s dividend payout ratio is currently 8.77%.
Institutional Trading of Excelerate Energy
A number of institutional investors and hedge funds have recently bought and sold shares of EE. Harbor Capital Advisors Inc. acquired a new stake in Excelerate Energy during the 2nd quarter worth approximately $27,000. Chilton Capital Management LLC acquired a new stake in Excelerate Energy during the 1st quarter worth approximately $41,000. Qube Research & Technologies Ltd acquired a new stake in Excelerate Energy in the third quarter valued at approximately $66,000. Sunbelt Securities Inc. acquired a new stake in Excelerate Energy in the first quarter valued at approximately $78,000. Finally, Citigroup Inc. grew its position in Excelerate Energy by 643.1% in the second quarter. Citigroup Inc. now owns 5,856 shares of the company’s stock valued at $119,000 after acquiring an additional 5,068 shares in the last quarter. Institutional investors and hedge funds own 21.78% of the company’s stock.
About Excelerate Energy
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; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.
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