Excelerate Energy, Inc. (NYSE:EE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.50.

A number of equities analysts have recently issued reports on EE shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $44.00 price objective on shares of Excelerate Energy in a research report on Friday, February 6th. Raymond James Financial upgraded shares of Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Monday, January 5th. Tudor Pickering upgraded shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a research report on Monday, December 29th. Finally, Morgan Stanley set a $30.00 target price on shares of Excelerate Energy and gave the stock an “equal weight” rating in a research note on Thursday, November 6th.

Institutional Investors Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in Excelerate Energy during the fourth quarter worth approximately $1,290,000. Wellington Management Group LLP lifted its stake in Excelerate Energy by 24.9% in the fourth quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after buying an additional 719,148 shares during the period. Susquehanna Portfolio Strategies LLC bought a new position in shares of Excelerate Energy during the 4th quarter worth approximately $1,853,000. Man Group plc acquired a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $661,000. Finally, Boothbay Fund Management LLC grew its position in shares of Excelerate Energy by 42.0% during the 4th quarter. Boothbay Fund Management LLC now owns 136,026 shares of the company’s stock worth $3,816,000 after buying an additional 40,254 shares during the period. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

NYSE EE opened at $41.79 on Thursday. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.33 and a beta of 1.36. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.56. Excelerate Energy has a twelve month low of $21.28 and a twelve month high of $43.04. The stock has a fifty day simple moving average of $32.69 and a 200 day simple moving average of $28.18.

Excelerate Energy announced that its Board of Directors has authorized a share buyback program on Thursday, December 11th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Excelerate Energy Company Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.