Excelerate Energy (NYSE:EE) Shares Up 6.5%

Excelerate Energy, Inc. (NYSE:EEGet Rating)’s stock price shot up 6.5% during mid-day trading on Tuesday . The company traded as high as 29.26 and last traded at 29.14. 12,811 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 654,150 shares. The stock had previously closed at 27.37.

Analyst Ratings Changes

Several brokerages have recently weighed in on EE. Barclays increased their price objective on shares of Excelerate Energy to $30.00 in a report on Monday, August 15th. Morgan Stanley increased their price objective on shares of Excelerate Energy from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 26th. Finally, StockNews.com raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of 31.67.

Excelerate Energy Price Performance

The stock’s 50-day moving average is 25.27 and its 200-day moving average is 24.56. The company has a current ratio of 1.78, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Tuesday, November 22nd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.34%. The ex-dividend date is Monday, November 21st.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Lee Financial Co lifted its stake in Excelerate Energy by 500.0% during the third quarter. Lee Financial Co now owns 1,080 shares of the company’s stock worth $25,000 after purchasing an additional 900 shares during the last quarter. Quantbot Technologies LP bought a new stake in Excelerate Energy in the third quarter valued at $45,000. Ellevest Inc. acquired a new position in shares of Excelerate Energy during the third quarter valued at $60,000. Cowa LLC acquired a new position in shares of Excelerate Energy during the third quarter valued at $70,000. Finally, CWM LLC increased its holdings in shares of Excelerate Energy by 33,240.0% during the third quarter. CWM LLC now owns 3,334 shares of the company’s stock valued at $78,000 after purchasing an additional 3,324 shares during the period. 30.98% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Company Profile

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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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