Excelerate Energy (NYSE:EE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Excelerate Energy (NYSE:EE) from a sell rating to a hold rating in a research note issued to investors on Sunday.

Several other research analysts also recently commented on EE. Wells Fargo & Company set a $26.00 price objective on Excelerate Energy in a report on Monday, August 11th. Jefferies Financial Group started coverage on Excelerate Energy in a report on Thursday, June 5th. They set a “buy” rating and a $39.00 price objective on the stock. Finally, Citigroup restated an “outperform” rating on shares of Excelerate Energy in a report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.86.

Excelerate Energy Stock Performance

NYSE EE opened at $24.80 on Friday. The stock has a market capitalization of $2.83 billion, a PE ratio of 18.23 and a beta of 1.38. The business has a 50 day simple moving average of $26.19 and a two-hundred day simple moving average of $27.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 2.60. Excelerate Energy has a 1-year low of $17.70 and a 1-year high of $32.99.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $204.60 million during the quarter, compared to analyst estimates of $259.82 million. Excelerate Energy had a return on equity of 4.16% and a net margin of 3.64%.The firm’s revenue was up 11.6% compared to the same quarter last year. On average, research analysts predict that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.3%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.06. Excelerate Energy’s payout ratio is presently 23.53%.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. AlphaQuest LLC acquired a new position in Excelerate Energy in the 2nd quarter worth about $30,000. Aquatic Capital Management LLC acquired a new position in Excelerate Energy in the 4th quarter worth about $33,000. New York State Teachers Retirement System raised its holdings in Excelerate Energy by 1,467.0% in the 1st quarter. New York State Teachers Retirement System now owns 1,567 shares of the company’s stock worth $45,000 after purchasing an additional 1,467 shares during the period. Tower Research Capital LLC TRC raised its holdings in Excelerate Energy by 157.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after purchasing an additional 1,186 shares during the period. Finally, Quarry LP raised its holdings in Excelerate Energy by 89.6% in the 1st quarter. Quarry LP now owns 1,997 shares of the company’s stock worth $57,000 after purchasing an additional 944 shares during the period. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.