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

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $40.7273.

A number of analysts recently weighed in on EE shares. Morgan Stanley set a $41.00 target price on shares of Excelerate Energy in a research note on Friday, August 7th. The Goldman Sachs Group initiated coverage on shares of Excelerate Energy in a research note on Wednesday, July 15th. They set a “buy” rating and a $49.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday, June 24th. Barclays upped their price objective on Excelerate Energy from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

Excelerate Energy Stock Up 2.5%

EE opened at $38.16 on Thursday. The company has a market capitalization of $4.33 billion, a P/E ratio of 26.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.80 and a quick ratio of 1.80. The firm’s fifty day moving average price is $37.35 and its two-hundred day moving average price is $36.28. Excelerate Energy has a fifty-two week low of $22.86 and a fifty-two week high of $43.17.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $329.27 million during the quarter, compared to analysts’ expectations of $344.27 million. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. The business’s revenue was up 60.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. On average, analysts anticipate that Excelerate Energy will post 1.57 EPS for the current year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 annualized dividend and a yield of 0.9%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.08. Excelerate Energy’s payout ratio is presently 22.07%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. UBS Group AG boosted its stake in shares of Excelerate Energy by 79.0% in the 4th quarter. UBS Group AG now owns 416,082 shares of the company’s stock valued at $11,671,000 after purchasing an additional 183,664 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth about $2,590,000. Copeland Capital Management LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth about $30,658,000. Renaissance Technologies LLC lifted its holdings in Excelerate Energy by 132.9% during the 1st quarter. Renaissance Technologies LLC now owns 285,519 shares of the company’s stock valued at $9,542,000 after purchasing an additional 162,919 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Excelerate Energy during the 1st quarter valued at about $1,028,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Company Profile

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.