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

Excelerate Energy, Inc. (NYSE:EE) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.33.

EE has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Northland Securities boosted their price target on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays upped their price objective 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. Stephens boosted their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company raised their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th.

Excelerate Energy Trading Up 2.6 %

NYSE:EE opened at $29.77 on Friday. The firm has a 50-day simple moving average of $27.51 and a 200-day simple moving average of $22.18. Excelerate Energy has a one year low of $13.38 and a one year high of $32.25. The firm has a market cap of $3.16 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

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

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is presently 24.24%.

Institutional Trading of Excelerate Energy

Several institutional investors have recently modified their holdings of EE. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Excelerate Energy by 10.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock worth $15,012,000 after acquiring an additional 74,946 shares during the last quarter. Marshall Wace LLP lifted its holdings in Excelerate Energy by 28.2% in the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after purchasing an additional 74,491 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Excelerate Energy by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock worth $4,597,000 after purchasing an additional 18,282 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Excelerate Energy during the 3rd quarter worth $4,385,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after buying an additional 52,007 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.