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

Shares of Excelerate Energy, Inc. (NYSE:EE) have received an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $40.6364.

Several equities analysts recently commented on EE shares. The Goldman Sachs Group started coverage on shares of Excelerate Energy in a research note on Wednesday, July 15th. They set a “buy” rating and a $49.00 price objective for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $42.00 target price on shares of Excelerate Energy in a research note on Friday, May 8th. Wells Fargo & Company reduced their price target on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research raised shares of Excelerate Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th.

Excelerate Energy Stock Up 0.4%

Shares of NYSE EE opened at $39.73 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The company has a market cap of $4.52 billion, a P/E ratio of 32.30, a P/E/G ratio of 1.44 and a beta of 1.23. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The business has a 50-day simple moving average of $36.14 and a two-hundred day simple moving average of $35.67.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share 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 company had revenue of $433.44 million for the quarter, compared to the consensus estimate of $351.68 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 37.6% on a year-over-year basis. Research analysts anticipate that Excelerate Energy will post 1.52 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio is currently 26.02%.

Institutional Trading of Excelerate Energy

A number of large investors have recently modified their holdings of the business. Empowered Funds LLC purchased a new position in shares of Excelerate Energy during the first quarter worth about $1,028,000. NewEdge Advisors LLC purchased a new stake in Excelerate Energy in the first quarter valued at approximately $326,000. Bank of America Corp DE raised its stake in Excelerate Energy by 7.5% in the first quarter. Bank of America Corp DE now owns 150,160 shares of the company’s stock valued at $5,018,000 after purchasing an additional 10,541 shares in the last quarter. Amundi bought a new stake in Excelerate Energy during the first quarter valued at approximately $208,000. Finally, The Manufacturers Life Insurance Company lifted its position in Excelerate Energy by 46.7% during the first quarter. The Manufacturers Life Insurance Company now owns 10,713 shares of the company’s stock valued at $358,000 after purchasing an additional 3,411 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Company Profile

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.