Excelerate Energy, Inc. (EE) to Issue Quarterly Dividend of $0.06 on December 5th

Excelerate Energy, Inc. (NYSE:EE) declared a quarterly dividend on Thursday, October 31st,RTT News reports. Investors of record on Wednesday, November 20th will be paid a dividend of 0.06 per share on Thursday, December 5th. This represents a $0.24 annualized dividend and a yield of 0.87%. The ex-dividend date is Wednesday, November 20th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03.

Excelerate Energy has a payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Excelerate Energy to earn $1.33 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 18.0%.

Excelerate Energy Stock Performance

EE stock opened at $27.54 on Monday. The stock has a 50-day moving average price of $22.91 and a 200-day moving average price of $20.05. Excelerate Energy has a 1-year low of $13.38 and a 1-year high of $28.60. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.93 billion, a PE ratio of 27.82 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period last year, the company posted $0.40 EPS. As a group, equities research analysts expect that Excelerate Energy will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EE. Morgan Stanley raised their target price on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday. Barclays lifted their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Stephens lifted their price target on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company boosted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, Northland Securities boosted their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.67.

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.