Excelerate Energy (NYSE:EE) Upgraded to Hold 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 report report published on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Dnb Carnegie cut Excelerate Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Wells Fargo & Company lowered their target price on Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday. Jefferies Financial Group upped their target price on Excelerate Energy from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Northland Securities set a $50.00 target price on Excelerate Energy in a report on Friday, January 30th. Finally, Zacks Research cut Excelerate Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.56.

Excelerate Energy Price Performance

Shares of EE opened at $33.79 on Friday. Excelerate Energy has a 12-month low of $21.28 and a 12-month high of $43.17. The business has a 50-day simple moving average of $34.88 and a two-hundred day simple moving average of $32.22. The company has a quick ratio of 2.43, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The stock has a market cap of $3.85 billion, a PE ratio of 27.47, a PEG ratio of 1.13 and a beta of 1.32.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The firm had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. During the same period in the previous year, the company earned $0.49 EPS. Excelerate Energy’s revenue for the quarter was up 37.6% on a year-over-year basis. Analysts anticipate that Excelerate Energy will post 1.57 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 20th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. Excelerate Energy’s dividend payout ratio is presently 26.02%.

Insider Activity at Excelerate Energy

In related news, insider Oliver Simpson sold 6,000 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $34.15, for a total transaction of $204,900.00. Following the sale, the insider owned 51,719 shares in the company, valued at $1,766,203.85. This represents a 10.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of Excelerate Energy by 24.9% during the 4th quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after purchasing an additional 719,148 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Excelerate Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,405,120 shares of the company’s stock valued at $67,464,000 after purchasing an additional 11,731 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of Excelerate Energy by 45.0% during the 1st quarter. Copeland Capital Management LLC now owns 1,584,618 shares of the company’s stock valued at $52,958,000 after purchasing an additional 491,653 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Excelerate Energy by 2.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 949,723 shares of the company’s stock valued at $26,640,000 after purchasing an additional 25,600 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position in shares of Excelerate Energy by 77.3% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 781,623 shares of the company’s stock valued at $19,689,000 after purchasing an additional 340,747 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

About Excelerate Energy

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.