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

Excelerate Energy, Inc. (NYSE:EE) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $40.6364.

A number of brokerages have recently issued reports on EE. The Goldman Sachs Group assumed coverage on shares of Excelerate Energy in a report on Wednesday, July 15th. They issued a “buy” rating and a $49.00 price target on the stock. Wall Street Zen raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $42.00 target price on shares of Excelerate Energy in a report on Friday, May 8th. Northland Securities set a $48.00 target price on shares of Excelerate Energy in a research note on Friday, May 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a research report on Wednesday, June 24th.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors have recently modified their holdings of the company. Copeland Capital Management LLC bought a new stake in Excelerate Energy in the 4th quarter worth approximately $30,658,000. Wellington Management Group LLP raised its holdings in Excelerate Energy by 24.9% during the 4th quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after buying an additional 719,148 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Excelerate Energy by 328.4% in the second quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock worth $13,292,000 after purchasing an additional 347,521 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Excelerate Energy in the 1st quarter worth approximately $10,862,000. Finally, Squarepoint Ops LLC increased its position in Excelerate Energy by 219.5% during the 3rd quarter. Squarepoint Ops LLC now owns 348,394 shares of the company’s stock valued at $8,776,000 after purchasing an additional 239,358 shares during the period. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Stock Performance

NYSE:EE opened at $38.63 on Friday. The business’s fifty day moving average is $36.19 and its 200 day moving average is $35.69. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.60 and a current ratio of 2.60. Excelerate Energy has a 52-week low of $21.28 and a 52-week high of $43.17.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, May 6th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $433.44 million during the quarter, compared to the consensus estimate of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The firm’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. Research analysts predict that Excelerate Energy will post 1.52 EPS for the current year.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Excelerate Energy’s dividend payout ratio (DPR) is presently 26.02%.

About Excelerate Energy

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.