Excelerate Energy, Inc. Declares Quarterly Dividend of $0.03 (NYSE:EE)

Excelerate Energy, Inc. (NYSE:EE) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Wednesday, August 21st will be given a dividend of 0.025 per share on Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, August 21st.

Excelerate Energy has a dividend payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 7.4%.

Excelerate Energy Stock Down 2.7 %

NYSE:EE traded down $0.54 during trading hours on Friday, hitting $19.52. The stock had a trading volume of 166,968 shares, compared to its average volume of 214,345. The business has a 50 day simple moving average of $18.35 and a two-hundred day simple moving average of $16.71. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $22.42. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.09 billion, a PE ratio of 19.33 and a beta of 1.31.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, May 8th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. The company had revenue of $200.11 million during the quarter, compared to the consensus estimate of $255.26 million. Analysts predict that Excelerate Energy will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and set a $21.00 target price on shares of Excelerate Energy in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

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.