Excelerate Energy, Inc. (NYSE:EE) Declares Quarterly Dividend of $0.06

Excelerate Energy, Inc. (NYSE:EE) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Wednesday, March 12th will be paid a dividend of 0.06 per share on Thursday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, March 12th.

Excelerate Energy has a dividend payout ratio of 14.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Excelerate Energy to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 18.3%.

Excelerate Energy Trading Up 1.2 %

Shares of EE opened at $28.83 on Monday. The business has a 50-day moving average of $30.18 and a 200 day moving average of $26.72. Excelerate Energy has a fifty-two week low of $14.94 and a fifty-two week high of $32.99. The firm has a market cap of $3.06 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley reissued an “underweight” rating and issued a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, Barclays lifted their target price on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.17.

About Excelerate Energy

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.