Excelerate Energy, Inc. (EE) – What Are Investment Firms Saying About This Stock?

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned an average rating of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $44.00.

A number of research analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $48.00 target price on shares of Excelerate Energy in a research note on Friday, July 10th. Weiss Ratings upgraded Excelerate Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. The Goldman Sachs Group started coverage on Excelerate Energy in a report on Wednesday, July 15th. They issued a “buy” rating and a $49.00 price target for the company. Northland Securities set a $45.00 price objective on Excelerate Energy in a research note on Wednesday, August 12th. Finally, DNB Markets set a $39.00 price objective on shares of Excelerate Energy in a report on Wednesday, October 28th.

Institutional Investors Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kings Path Partners LLC acquired a new stake in shares of Excelerate Energy in the third quarter valued at $473,000. Engineers Gate Manager LP acquired a new stake in shares of Excelerate Energy during the second quarter worth about $927,000. Nykredit A S acquired a new stake in shares of Excelerate Energy during the second quarter worth about $70,000. AXQ Capital LP acquired a new stake in Excelerate Energy during the 2nd quarter worth approximately $240,000. Finally, Wellington Management Group LLP boosted its position in Excelerate Energy by 26.8% in the 2nd quarter. Wellington Management Group LLP now owns 3,339,759 shares of the company’s stock valued at $126,877,000 after buying an additional 705,587 shares during the period. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Excelerate Energy stock opened at $34.37 on Tuesday. The company has a fifty day simple moving average of $35.50 and a 200-day simple moving average of $36.01. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 23.71 and a beta of 1.25. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.52. Excelerate Energy has a 52-week low of $24.90 and a 52-week high of $43.17.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm had revenue of $329.27 million for the quarter, compared to the consensus estimate of $344.27 million. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. During the same period last year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 60.9% on a year-over-year basis. On average, equities analysts anticipate that Excelerate Energy will post 1.55 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.36 annualized dividend and a yield of 1.0%. Excelerate Energy’s dividend payout ratio (DPR) is 24.83%.

Excelerate Energy Company Profile

Excelerate Energy, Inc is a U.S.-based energy infrastructure company that provides liquefied natural gas (LNG) delivery and regasification services. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG back into natural gas for delivery to onshore or offshore pipeline systems.

Excelerate offers integrated LNG solutions that can include vessel ownership and operation, terminal and regasification services, LNG supply, logistics and project development.