Excelerate Energy (NYSE:EE) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Excelerate Energy (NYSE:EE) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other research analysts also recently commented on the company. Dnb Carnegie downgraded Excelerate Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Jefferies Financial Group increased their price objective on Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Raymond James Financial raised shares of Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a research note on Friday, March 27th. Finally, Northland Securities set a $50.00 price target on shares of Excelerate Energy in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Excelerate Energy currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Excelerate Energy Stock Down 0.1%

EE stock opened at $32.70 on Friday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.41. The company has a 50-day moving average of $37.06 and a two-hundred day moving average of $30.94. Excelerate Energy has a 52-week low of $21.28 and a 52-week high of $43.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.43 and a quick ratio of 2.43.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The business had revenue of $317.57 million during the quarter, compared to the consensus estimate of $293.49 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts anticipate that Excelerate Energy will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th were given a $0.08 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. Excelerate Energy’s dividend payout ratio (DPR) is currently 24.24%.

Excelerate Energy announced that its Board of Directors has authorized a stock buyback program on Thursday, December 11th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, insider Oliver Simpson sold 6,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $34.15, for a total value of $204,900.00. Following the completion of the transaction, the insider directly owned 51,719 shares in the company, valued at approximately $1,766,203.85. This represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors have recently bought and sold shares of the business. Arax Advisory Partners increased its holdings in Excelerate Energy by 791.9% in the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after buying an additional 784 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Excelerate Energy during the 3rd quarter worth about $30,000. Global Retirement Partners LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Excelerate Energy during the 3rd quarter valued at about $38,000. Finally, Essex Investment Management Co. LLC bought a new stake in Excelerate Energy in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.