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

Excelerate Energy, Inc. (NYSE:EE) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.67.

EE has been the subject of several research analyst reports. Barclays upped their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company increased their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Stephens increased their price target on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Northland Securities raised their target price on shares of Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Morgan Stanley lifted their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th.

Excelerate Energy Stock Down 1.7 %

EE stock opened at $30.05 on Tuesday. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $30.90. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.22 and a beta of 1.28. The company has a 50 day moving average of $24.26 and a two-hundred day moving average of $20.54.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. During the same period last year, the business posted $0.40 EPS. On average, equities analysts anticipate that Excelerate Energy will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be paid a $0.06 dividend. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several large investors have recently modified their holdings of EE. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Excelerate Energy during the 3rd quarter valued at about $4,385,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Excelerate Energy during the 1st quarter worth $2,202,000. Algert Global LLC bought a new position in shares of Excelerate Energy during the 2nd quarter worth $1,915,000. Massachusetts Financial Services Co. MA bought a new position in shares of Excelerate Energy during the 2nd quarter worth $1,569,000. Finally, Tortoise Capital Advisors L.L.C. lifted its stake in shares of Excelerate Energy by 10.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock worth $15,012,000 after purchasing an additional 74,946 shares during the last quarter. Hedge funds and other institutional investors own 21.79% 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; and natural gas supply to-power projects.