What is Northland Capmk’s Estimate for EE FY2024 Earnings?

Excelerate Energy, Inc. (NYSE:EE) – Analysts at Northland Capmk decreased their FY2024 earnings per share estimates for Excelerate Energy in a report issued on Monday, November 11th. Northland Capmk analyst B. Brooks now forecasts that the company will earn $1.18 per share for the year, down from their previous forecast of $1.19. The consensus estimate for Excelerate Energy’s current full-year earnings is $1.18 per share. Northland Capmk also issued estimates for Excelerate Energy’s Q4 2024 earnings at $0.33 EPS, Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.38 EPS.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $193.42 million for the quarter, compared to the consensus estimate of $194.09 million. During the same period in the prior year, the company posted $0.40 EPS.

Several other analysts have also recently commented on EE. Northland Securities upped their target price on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday. Stephens upped 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. Wells Fargo & Company raised their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday. Barclays upped their price target on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Morgan Stanley lifted their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.43.

Excelerate Energy Trading Up 3.0 %

Shares of NYSE EE opened at $27.56 on Wednesday. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60. The firm has a market capitalization of $2.95 billion, a P/E ratio of 27.02 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company’s 50 day simple moving average is $22.53 and its 200 day simple moving average is $19.88.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds have recently made changes to their positions in EE. Jacobs Levy Equity Management Inc. acquired a new position in Excelerate Energy during the first quarter worth $2,202,000. Bailard Inc. acquired a new stake in Excelerate Energy in the 2nd quarter valued at $297,000. Allspring Global Investments Holdings LLC bought a new stake in Excelerate Energy during the 1st quarter worth about $118,000. Marshall Wace LLP boosted its stake in shares of Excelerate Energy by 28.2% during the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after buying an additional 74,491 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Excelerate Energy by 836.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,707 shares of the company’s stock valued at $658,000 after acquiring an additional 31,892 shares in the last quarter. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. Excelerate Energy’s payout ratio is 10.10%.

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.