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

Shares of Excelerate Energy, Inc. (NYSE:EE) have received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.00.

EE has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $44.00 price target on shares of Excelerate Energy in a research note on Friday, February 6th. Wall Street Zen downgraded Excelerate Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Wells Fargo & Company upped their price objective on Excelerate Energy from $29.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, February 27th. Finally, Morgan Stanley raised their target price on Excelerate Energy from $30.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th.

Excelerate Energy Stock Down 1.3%

Excelerate Energy stock opened at $33.61 on Monday. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.06 and a beta of 1.34. The company’s 50-day moving average price is $36.56 and its two-hundred day moving average price is $29.95. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.54.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $317.57 million during the quarter, compared to analyst estimates of $293.49 million. Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The company’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. On average, analysts expect that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Excelerate Energy declared that its board has authorized a stock buyback plan on Thursday, December 11th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to buy up to 2.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, March 11th. Excelerate Energy’s dividend payout ratio is presently 24.24%.

Institutional Trading of Excelerate Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arax Advisory Partners lifted its stake in Excelerate Energy by 791.9% during the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after purchasing an additional 784 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Excelerate Energy in the fourth quarter worth approximately $33,000. State of Alaska Department of Revenue bought a new position in shares of Excelerate Energy in the third quarter valued at $30,000. Essex Investment Management Co. LLC bought a new position in shares of Excelerate Energy in the fourth quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Excelerate Energy during the 3rd quarter valued at $38,000. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Company Profile

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.