Excelerate Energy, Inc. (NYSE:EE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.57.

Several research firms have recently issued reports on EE. Barclays increased their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Stephens raised their price objective on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company cut Excelerate Energy from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $20.00 to $19.00 in a research report on Friday, August 30th. Finally, Northland Securities upped their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in Excelerate Energy in the 1st quarter worth approximately $118,000. Susquehanna Fundamental Investments LLC purchased a new position in Excelerate Energy during the first quarter worth approximately $886,000. Scout Investments Inc. boosted its stake in Excelerate Energy by 1.1% during the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock worth $4,020,000 after buying an additional 2,673 shares during the last quarter. BOKF NA grew its holdings in Excelerate Energy by 5.8% in the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after buying an additional 700 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Excelerate Energy in the 1st quarter worth $38,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Trading Up 1.0 %

Shares of NYSE:EE opened at $23.89 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.35. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $24.35. The business has a 50 day moving average of $21.32 and a two-hundred day moving average of $19.25. The company has a market capitalization of $2.56 billion, a PE ratio of 22.97 and a beta of 1.32.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $183.33 million during the quarter, compared to analyst estimates of $259.14 million. Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. During the same quarter in the prior year, the firm earned $0.23 earnings per share. As a group, analysts forecast that Excelerate Energy will post 1.14 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.62%.

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; and natural gas supply to-power projects.