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

Excelerate Energy, Inc. (NYSE:EE) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.17.

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

Institutional Trading of Excelerate Energy

A number of large investors have recently made changes to their positions in EE. Scout Investments Inc. raised its holdings in Excelerate Energy by 7.1% during the 4th quarter. Scout Investments Inc. now owns 250,807 shares of the company’s stock valued at $3,877,000 after buying an additional 16,697 shares during the period. Ranger Investment Management L.P. increased its position in Excelerate Energy by 0.5% during the fourth quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock valued at $24,884,000 after acquiring an additional 7,815 shares during the last quarter. Tortoise Index Solutions LLC raised its stake in shares of Excelerate Energy by 12.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 23,608 shares of the company’s stock valued at $365,000 after acquiring an additional 2,696 shares during the period. Viking Fund Management LLC lifted its holdings in shares of Excelerate Energy by 40.0% in the 1st quarter. Viking Fund Management LLC now owns 140,000 shares of the company’s stock worth $2,243,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Excelerate Energy in the 1st quarter worth about $118,000. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Trading Up 4.7 %

Excelerate Energy stock opened at $23.61 on Monday. The business has a 50-day simple moving average of $20.10 and a two-hundred day simple moving average of $18.50. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $23.61. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.53 billion, a P/E ratio of 22.70 and a beta of 1.32.

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

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, August 21st. Excelerate Energy’s payout ratio is 9.62%.

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.