Several other research analysts have also recently weighed in on EE. Morgan Stanley decreased their price objective on shares of Excelerate Energy from $33.00 to $30.00 and set an equal weight rating for the company in a report on Wednesday, October 25th. Wells Fargo & Company boosted their price objective 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 boosted their price objective 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $26.29.
Excelerate Energy Trading Up 2.3 %
Excelerate Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 28th will be given a $0.025 dividend. The ex-dividend date is Monday, November 27th. This represents a $0.10 annualized dividend and a yield of 0.55%. Excelerate Energy’s dividend payout ratio (DPR) is 8.77%.
Institutional Investors Weigh In On Excelerate Energy
Several large investors have recently added to or reduced their stakes in EE. American Century Companies Inc. lifted its position in shares of Excelerate Energy by 0.6% in the 1st quarter. American Century Companies Inc. now owns 1,067,018 shares of the company’s stock worth $23,624,000 after purchasing an additional 6,293 shares during the period. Bailard Inc. bought a new position in shares of Excelerate Energy during the 2nd quarter worth approximately $353,000. Los Angeles Capital Management LLC bought a new position in shares of Excelerate Energy during the 2nd quarter worth approximately $2,239,000. BOKF NA bought a new position in shares of Excelerate Energy during the 1st quarter worth approximately $221,000. Finally, Summit Global Investments acquired a new position in Excelerate Energy during the 2nd quarter valued at approximately $295,000. 21.78% of the stock is owned by hedge funds and other institutional investors.
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; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.
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