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

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.00.

A number of analysts have issued reports on the stock. Raymond James reduced their target price on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. StockNews.com upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Northland Securities assumed coverage on shares of Excelerate Energy in a research note on Monday, February 26th. They issued an “outperform” rating and a $23.00 price objective for the company. Finally, Morgan Stanley reduced their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Excelerate Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,957,764 shares of the company’s stock valued at $30,267,000 after buying an additional 20,779 shares in the last quarter. Ranger Investment Management L.P. grew its stake in shares of Excelerate Energy by 0.5% in the fourth quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock valued at $24,884,000 after buying an additional 7,815 shares in the last quarter. BlackRock Inc. grew its stake in shares of Excelerate Energy by 5.5% in the first quarter. BlackRock Inc. now owns 1,369,554 shares of the company’s stock valued at $30,322,000 after buying an additional 71,248 shares in the last quarter. American Century Companies Inc. lifted its holdings in Excelerate Energy by 0.7% during the 3rd quarter. American Century Companies Inc. now owns 1,101,250 shares of the company’s stock valued at $18,765,000 after purchasing an additional 7,922 shares during the last quarter. Finally, Norges Bank acquired a new stake in Excelerate Energy during the 4th quarter valued at $18,206,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Trading Up 4.5 %

Shares of NYSE:EE opened at $16.24 on Monday. The company has a market cap of $1.76 billion, a PE ratio of 15.77 and a beta of 1.41. The company’s 50-day moving average price is $15.22 and its 200 day moving average price is $15.54. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $22.42. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.38.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. The company had revenue of $240.06 million for the quarter, compared to the consensus estimate of $265.31 million. Sell-side analysts anticipate that Excelerate Energy will post 1.1 earnings per share for the current year.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were paid a dividend of $0.025 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.62%. Excelerate Energy’s dividend payout ratio is currently 9.71%.

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.