Excelerate Energy, Inc. (NYSE:EE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have received an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $23.00.

Several analysts have issued reports on EE shares. Northland Securities started coverage on shares of Excelerate Energy in a research report on Monday, February 26th. They issued an “outperform” rating and a $23.00 price target on the stock. Morgan Stanley decreased their price target on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th. Raymond James decreased their price target on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, StockNews.com upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th.

Institutional Trading of Excelerate Energy

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Excelerate Energy by 3.6% during the 3rd quarter. Royal Bank of Canada now owns 13,769 shares of the company’s stock valued at $321,000 after purchasing an additional 480 shares during the last quarter. Bank of America Corp DE lifted its holdings in Excelerate Energy by 1.9% during the 1st quarter. Bank of America Corp DE now owns 32,737 shares of the company’s stock valued at $725,000 after purchasing an additional 607 shares during the last quarter. Rhumbline Advisers lifted its holdings in Excelerate Energy by 2.4% during the 1st quarter. Rhumbline Advisers now owns 28,409 shares of the company’s stock valued at $629,000 after purchasing an additional 654 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Excelerate Energy by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 131,103 shares of the company’s stock valued at $2,903,000 after purchasing an additional 689 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Excelerate Energy by 2.0% during the 3rd quarter. Swiss National Bank now owns 40,400 shares of the company’s stock valued at $688,000 after purchasing an additional 800 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Stock Performance

NYSE:EE opened at $16.24 on Monday. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $22.42. The firm’s fifty day simple moving average is $15.22 and its 200 day simple moving average is $15.54. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.76 billion, a PE ratio of 15.77 and a beta of 1.41.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $240.06 million during the quarter, compared to analyst estimates of $265.31 million. Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. On average, sell-side analysts anticipate that Excelerate Energy will post 1.1 EPS for the current year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.62%. Excelerate Energy’s dividend payout ratio (DPR) is currently 9.71%.

Excelerate Energy Company Profile

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.