Excelerate Energy, Inc. (NYSE:EE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $38.5556.

EE has been the subject of several recent research reports. Jefferies Financial Group upped their price objective on Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Northland Securities set a $50.00 target price on shares of Excelerate Energy in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a research report on Friday, March 27th. Zacks Research downgraded shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Morgan Stanley decreased their target price on shares of Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st.

Excelerate Energy Stock Performance

Excelerate Energy stock opened at $33.79 on Tuesday. The business has a 50 day moving average of $34.88 and a 200-day moving average of $32.22. Excelerate Energy has a 1 year low of $21.28 and a 1 year high of $43.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.43. The company has a market capitalization of $3.85 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.13 and a beta of 1.32.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The firm had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. During the same period in the prior year, the company earned $0.49 EPS. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts predict that Excelerate Energy will post 1.57 earnings per share for the current year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Excelerate Energy’s dividend payout ratio is currently 26.02%.

Insiders Place Their Bets

In other Excelerate Energy news, insider Oliver Simpson sold 6,000 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $34.15, for a total transaction of $204,900.00. Following the completion of the sale, the insider owned 51,719 shares of the company’s stock, valued at approximately $1,766,203.85. This represents a 10.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.83% of the company’s stock.

Institutional Trading of Excelerate Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners increased its position in Excelerate Energy by 791.9% during the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after purchasing an additional 784 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Excelerate Energy during the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $33,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Excelerate Energy during the 3rd quarter worth approximately $38,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

About Excelerate Energy

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.