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

Shares of Excelerate Energy, Inc. (NYSE:EE) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.00.

A number of research firms have recently commented on EE. StockNews.com upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Raymond James dropped their price target on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Morgan Stanley reduced their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th. Finally, Northland Securities assumed coverage on shares of Excelerate Energy in a report on Monday, February 26th. They issued an “outperform” rating and a $23.00 target price for the company.

Institutional Trading of Excelerate Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Excelerate Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,957,764 shares of the company’s stock worth $30,267,000 after acquiring an additional 20,779 shares during the period. Ranger Investment Management L.P. lifted its holdings in shares of Excelerate Energy by 0.5% during the fourth quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock worth $24,884,000 after purchasing an additional 7,815 shares during the period. BlackRock Inc. grew its position in Excelerate Energy by 5.5% in the 1st quarter. BlackRock Inc. now owns 1,369,554 shares of the company’s stock valued at $30,322,000 after buying an additional 71,248 shares during the last quarter. American Century Companies Inc. increased its stake in Excelerate Energy by 0.7% in the 3rd quarter. American Century Companies Inc. now owns 1,101,250 shares of the company’s stock valued at $18,765,000 after buying an additional 7,922 shares during the period. Finally, Norges Bank purchased a new position in Excelerate Energy during the 4th quarter worth $18,206,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 2.5 %

Shares of NYSE:EE opened at $15.29 on Monday. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $23.91. The company’s 50 day moving average is $15.08 and its two-hundred day moving average is $15.57. The company has a market cap of $1.66 billion, a PE ratio of 14.84 and a beta of 1.41. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.38.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, February 28th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. The firm had revenue of $240.06 million for the quarter, compared to analyst estimates of $265.31 million. Equities analysts predict that Excelerate Energy will post 1.1 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Tuesday, March 12th. Excelerate Energy’s dividend payout ratio is currently 9.71%.

About Excelerate Energy

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.