Excelerate Energy, Inc. (NYSE:EE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $25.67.

Several research firms recently commented on EE. Morgan Stanley raised their target price on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Wells Fargo & Company raised their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Barclays raised their price objective on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stephens raised their price objective on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Northland Securities raised their price objective on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in Excelerate Energy during the 3rd quarter worth about $4,385,000. Jacobs Levy Equity Management Inc. purchased a new stake in Excelerate Energy during the 1st quarter worth about $2,202,000. Algert Global LLC purchased a new stake in Excelerate Energy during the 2nd quarter worth about $1,915,000. Massachusetts Financial Services Co. MA purchased a new stake in Excelerate Energy during the 2nd quarter worth about $1,569,000. Finally, Tortoise Capital Advisors L.L.C. increased its holdings in Excelerate Energy by 10.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock worth $15,012,000 after purchasing an additional 74,946 shares during the period. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Trading Down 1.7 %

Excelerate Energy stock opened at $30.05 on Tuesday. The stock has a 50-day moving average of $24.26 and a two-hundred day moving average of $20.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy has a one year low of $13.38 and a one year high of $30.90. The stock has a market cap of $3.19 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period in the prior year, the company earned $0.40 earnings per share. On average, research analysts anticipate that Excelerate Energy will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.06 per share. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 annualized dividend and a yield of 0.80%. Excelerate Energy’s dividend payout ratio is presently 24.24%.

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.