Excelerate Energy, Inc. (NYSE:EE – Get Rating) announced a quarterly dividend on Friday, August 5th, Zacks reports. Stockholders of record on Friday, August 19th will be paid a dividend of 0.025 per share on Wednesday, September 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Thursday, August 18th.
Excelerate Energy has a payout ratio of 9.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 9.3%.
Excelerate Energy Stock Performance
Shares of NYSE EE opened at 25.32 on Tuesday. The firm’s 50 day moving average price is 22.59. The company has a quick ratio of 2.13, a current ratio of 2.35 and a debt-to-equity ratio of 0.38. Excelerate Energy has a 52-week low of 18.31 and a 52-week high of 30.82.
Analyst Ratings Changes
Institutional Trading of Excelerate Energy
A number of institutional investors have recently made changes to their positions in the business. American International Group Inc. acquired a new position in Excelerate Energy during the second quarter worth $173,000. Renaissance Technologies LLC acquired a new position in Excelerate Energy during the second quarter worth $365,000. Point72 Asset Management L.P. acquired a new position in Excelerate Energy during the second quarter worth $498,000. JPMorgan Chase & Co. acquired a new position in Excelerate Energy during the second quarter worth $721,000. Finally, Rhumbline Advisers acquired a new position in shares of Excelerate Energy in the second quarter valued at $882,000.
Excelerate Energy Company Profile
Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.
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