Excelerate Energy, Inc. (NYSE:EE) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have received a consensus rating of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $44.00.

EE has been the topic of a number of research reports. Stephens restated an “overweight” rating and issued a $45.00 price objective on shares of Excelerate Energy in a research note on Thursday, July 9th. Barclays increased their target price on shares of Excelerate Energy from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Northland Securities set a $45.00 target price on shares of Excelerate Energy in a research note on Wednesday, August 12th. The Goldman Sachs Group started coverage on shares of Excelerate Energy in a research note on Wednesday, July 15th. They issued a “buy” rating and a $49.00 target price for the company. Finally, DNB Markets set a $39.00 price target on shares of Excelerate Energy in a research report on Wednesday.

Excelerate Energy Stock Performance

Shares of EE opened at $35.38 on Tuesday. The firm has a market cap of $4.01 billion, a PE ratio of 24.40 and a beta of 1.25. The stock’s fifty day moving average price is $35.60 and its two-hundred day moving average price is $36.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.80 and a quick ratio of 1.80. Excelerate Energy has a 1 year low of $24.90 and a 1 year high of $43.17.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $329.27 million for the quarter, compared to analysts’ expectations of $344.27 million. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%. The business’s revenue for the quarter was up 60.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, equities research analysts forecast that Excelerate Energy will post 1.55 EPS for the current year.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 18th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.36 annualized dividend and a yield of 1.0%. Excelerate Energy’s dividend payout ratio (DPR) is 24.83%.

Institutional Investors Weigh In On Excelerate Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of EE. Wellington Management Group LLP raised its stake in shares of Excelerate Energy by 26.8% during the 2nd quarter. Wellington Management Group LLP now owns 3,339,759 shares of the company’s stock valued at $126,877,000 after purchasing an additional 705,587 shares during the period. Copeland Capital Management LLC lifted its holdings in Excelerate Energy by 45.0% during the 1st quarter. Copeland Capital Management LLC now owns 1,584,618 shares of the company’s stock worth $52,958,000 after purchasing an additional 491,653 shares in the last quarter. Ranger Investment Management L.P. purchased a new stake in Excelerate Energy during the 2nd quarter worth about $34,658,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Excelerate Energy during the 1st quarter worth about $10,862,000. Finally, Renaissance Technologies LLC boosted its stake in Excelerate Energy by 132.9% in the 1st quarter. Renaissance Technologies LLC now owns 285,519 shares of the company’s stock worth $9,542,000 after purchasing an additional 162,919 shares during the period. Institutional investors own 21.79% of the company’s stock.

About Excelerate Energy

Excelerate Energy, Inc is a U.S.-based energy infrastructure company that provides liquefied natural gas (LNG) delivery and regasification services. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG back into natural gas for delivery to onshore or offshore pipeline systems.

Excelerate offers integrated LNG solutions that can include vessel ownership and operation, terminal and regasification services, LNG supply, logistics and project development.