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

Excelerate Energy, Inc. (NYSE:EE) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.6250.

A number of research analysts have recently commented on the company. Jefferies Financial Group raised their price target on Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen raised shares of Excelerate Energy from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a research report on Monday, December 29th. Morgan Stanley set a $30.00 price objective on shares of Excelerate Energy and gave the company an “equal weight” rating in a report on Thursday, November 6th. Finally, Tudor Pickering upgraded shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Excelerate Energy by 901.4% in the fourth quarter. State of Alaska Department of Revenue now owns 12,047 shares of the company’s stock worth $337,000 after acquiring an additional 10,844 shares in the last quarter. Personal CFO Solutions LLC bought a new stake in shares of Excelerate Energy in the 4th quarter worth approximately $203,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Excelerate Energy during the fourth quarter valued at approximately $235,000. Exchange Traded Concepts LLC boosted its holdings in Excelerate Energy by 14.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 27,640 shares of the company’s stock worth $775,000 after buying an additional 3,498 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Excelerate Energy by 53.1% during the fourth quarter. SG Americas Securities LLC now owns 7,614 shares of the company’s stock worth $214,000 after buying an additional 2,641 shares in the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Performance

EE opened at $36.05 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $28.85 and its 200-day moving average is $26.60. The stock has a market cap of $4.11 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. Excelerate Energy has a twelve month low of $21.28 and a twelve month high of $36.09.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. The business had revenue of $391.04 million during the quarter, compared to analyst estimates of $270.82 million. Excelerate Energy had a return on equity of 4.34% and a net margin of 3.46%.Excelerate Energy’s revenue for the quarter was up 102.2% compared to the same quarter last year. On average, analysts predict that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Wednesday, November 19th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 19th. Excelerate Energy’s payout ratio is currently 22.22%.

Excelerate Energy announced that its board has approved a share buyback program on Thursday, December 11th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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.