Excelerate Energy (NYSE:EE) Trading Up 3.5%

Excelerate Energy, Inc. (NYSE:EE) shares rose 3.5% on Thursday . The stock traded as high as $19.65 and last traded at $19.65. Approximately 105,715 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 214,566 shares. The stock had previously closed at $18.99.

Wall Street Analyst Weigh In

Separately, Stephens reissued an “overweight” rating and set a $21.00 price objective on shares of Excelerate Energy in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.14.

Excelerate Energy Price Performance

The company has a market cap of $2.11 billion, a PE ratio of 18.80 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.52 and a quick ratio of 3.52. The stock’s 50-day moving average is $18.05 and its 200 day moving average is $16.32.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $200.11 million for the quarter, compared to the consensus estimate of $255.26 million. Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. On average, equities analysts anticipate that Excelerate Energy, Inc. will post 1.28 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Tuesday, May 21st. Excelerate Energy’s dividend payout ratio is presently 9.90%.

Institutional Trading of Excelerate Energy

A number of institutional investors have recently bought and sold shares of the stock. Ranger Investment Management L.P. raised its stake 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 acquiring an additional 7,815 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Excelerate Energy by 0.7% in the third quarter. American Century Companies Inc. now owns 1,101,250 shares of the company’s stock worth $18,765,000 after purchasing an additional 7,922 shares during the last quarter. Scout Investments Inc. lifted its holdings in shares of Excelerate Energy by 1.1% during the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock worth $4,020,000 after purchasing an additional 2,673 shares during the period. Viking Fund Management LLC boosted its position in Excelerate Energy by 40.0% in the first quarter. Viking Fund Management LLC now owns 140,000 shares of the company’s stock valued at $2,243,000 after buying an additional 40,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Excelerate Energy in the 1st quarter worth approximately $2,202,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.