Excelerate Energy, Inc. Declares Quarterly Dividend of $0.08 (NYSE:EE)

Excelerate Energy, Inc. (NYSE:EE) declared a quarterly dividend on Thursday, April 30th. Investors of record on Wednesday, May 20th will be paid a dividend of 0.08 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, May 20th.

Excelerate Energy has a payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.3%.

Excelerate Energy Price Performance

NYSE EE opened at $34.87 on Friday. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 1.11 and a beta of 1.41. The company has a 50-day moving average price of $35.36 and a two-hundred day moving average price of $32.02. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.54.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $317.57 million during the quarter, compared to analyst estimates of $293.49 million. Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. Analysts forecast that Excelerate Energy will post 1.66 EPS for the current year.

Insider Buying and Selling

In related news, insider Oliver Simpson sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $34.15, for a total transaction of $204,900.00. Following the completion of the sale, the insider directly owned 51,719 shares in the company, valued at approximately $1,766,203.85. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors have recently bought and sold shares of EE. Arax Advisory Partners boosted its holdings in shares of Excelerate Energy by 791.9% in the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after buying an additional 784 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Excelerate Energy in the 3rd quarter valued at approximately $30,000. Global Retirement Partners LLC purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd acquired a new position in Excelerate Energy in the 3rd quarter worth approximately $38,000. Finally, Essex Investment Management Co. LLC acquired a new position in Excelerate Energy in the 4th quarter worth approximately $41,000. Hedge funds and other 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.