Excelerate Energy, Inc. (NYSE:EE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.17.

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Excelerate Energy from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Northland Securities lifted their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Stephens reissued an “overweight” rating and issued a $21.00 price objective on shares of Excelerate Energy in a research note on Tuesday, July 9th.

Institutional Investors Weigh In On Excelerate Energy

Large investors have recently made changes to their positions in the stock. Ranger Investment Management L.P. raised its holdings in Excelerate Energy by 0.5% in the 4th quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock worth $24,884,000 after purchasing an additional 7,815 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in Excelerate Energy by 10.1% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock valued at $15,012,000 after purchasing an additional 74,946 shares in the last quarter. Marshall Wace LLP lifted its holdings in Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after purchasing an additional 74,491 shares in the last quarter. Scout Investments Inc. grew its position in shares of Excelerate Energy by 1.1% in the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock valued at $4,020,000 after purchasing an additional 2,673 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Excelerate Energy by 7.9% during the second quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock worth $4,597,000 after purchasing an additional 18,282 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Stock Performance

Excelerate Energy stock opened at $19.31 on Friday. The stock’s 50 day moving average is $18.81 and its 200 day moving average is $17.09. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.37. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $20.66. The company has a market capitalization of $2.07 billion, a P/E ratio of 19.12 and a beta of 1.31.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. The company had revenue of $183.33 million during the quarter, compared to the consensus estimate of $259.14 million. During the same period in the prior year, the business posted $0.23 earnings per share. On average, equities research analysts predict that Excelerate Energy will post 1.28 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, August 21st. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.90%.

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.