Excelerate Energy (NYSE:EE) Research Coverage Started at Stephens

Stephens assumed coverage on shares of Excelerate Energy (NYSE:EE) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $21.00 price objective on the stock.

Other analysts also recently issued reports about the company. Northland Securities initiated coverage on Excelerate Energy in a research note on Monday, February 26th. They issued an outperform rating and a $23.00 price target on the stock. StockNews.com upgraded Excelerate Energy from a sell rating to a hold rating in a research note on Saturday, March 9th. Morgan Stanley decreased their price target on Excelerate Energy from $30.00 to $19.00 and set an equal weight rating on the stock in a research note on Tuesday, February 13th. Finally, Raymond James decreased their price target on Excelerate Energy from $26.00 to $24.00 and set an outperform rating on the stock in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $22.75.

Excelerate Energy Stock Performance

Shares of NYSE:EE traded up $0.18 during trading on Tuesday, reaching $17.40. The company had a trading volume of 151,122 shares, compared to its average volume of 214,308. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 16.89 and a beta of 1.30. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.43 and a quick ratio of 3.42. The stock’s fifty day moving average price is $15.80 and its 200 day moving average price is $15.63. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $22.42.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $240.06 million during the quarter, compared to analyst estimates of $265.31 million. Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. As a group, equities research analysts predict that Excelerate Energy will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.57%. Excelerate Energy’s payout ratio is 9.71%.

Institutional Trading of Excelerate Energy

A number of institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Excelerate Energy in the first quarter worth $26,000. Tower Research Capital LLC TRC raised its holdings in shares of Excelerate Energy by 295.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company’s stock worth $70,000 after acquiring an additional 3,365 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Excelerate Energy in the fourth quarter worth $108,000. Allspring Global Investments Holdings LLC acquired a new position in Excelerate Energy in the first quarter valued at $118,000. Finally, MQS Management LLC acquired a new position in Excelerate Energy in the third quarter valued at $193,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

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.