Excelerate Energy, Inc. (NYSE:EE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Excelerate Energy, Inc. (NYSE:EE) have received a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $32.29.

A number of research analysts have recently weighed in on EE shares. Wall Street Zen upgraded Excelerate Energy from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Barclays increased their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Stephens reaffirmed an “overweight” rating and set a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. Jefferies Financial Group started coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They issued a “buy” rating and a $39.00 target price for the company. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th.

Institutional Investors Weigh In On Excelerate Energy

Large investors have recently modified their holdings of the stock. TimesSquare Capital Management LLC purchased a new stake in Excelerate Energy in the 4th quarter worth about $13,854,000. Nuveen LLC bought a new position in Excelerate Energy during the first quarter worth about $7,102,000. Wellington Management Group LLP bought a new position in Excelerate Energy during the fourth quarter worth about $5,921,000. Raymond James Financial Inc. purchased a new position in shares of Excelerate Energy in the fourth quarter worth about $5,510,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Excelerate Energy by 94.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock valued at $10,591,000 after purchasing an additional 169,924 shares during the period. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $30.78 on Friday. The business has a 50-day simple moving average of $27.95 and a 200 day simple moving average of $29.17. Excelerate Energy has a one year low of $17.02 and a one year high of $32.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 5.82 and a beta of 1.41.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $315.09 million for the quarter, compared to analysts’ expectations of $207.87 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, research analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 21st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, May 21st. Excelerate Energy’s dividend payout ratio (DPR) is currently 16.33%.

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.