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 ten research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.3750.

Several research firms have recently commented on EE. Citigroup reaffirmed an “outperform” rating on shares of Excelerate Energy in a research report on Wednesday, August 13th. Morgan Stanley set a $30.00 price target on shares of Excelerate Energy and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a report on Monday. Tudor Pickering raised Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Finally, DNB Markets set a $31.00 target price on Excelerate Energy in a research report on Wednesday, September 10th.

Institutional Trading of Excelerate Energy

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Excelerate Energy by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,888,034 shares of the company’s stock worth $72,750,000 after buying an additional 433,010 shares during the period. TimesSquare Capital Management LLC boosted its stake in Excelerate Energy by 29.0% during the third quarter. TimesSquare Capital Management LLC now owns 924,123 shares of the company’s stock worth $23,279,000 after acquiring an additional 207,771 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in Excelerate Energy by 77.3% in the third quarter. Kayne Anderson Capital Advisors LP now owns 781,623 shares of the company’s stock worth $19,689,000 after purchasing an additional 340,747 shares during the period. Geode Capital Management LLC increased its stake in shares of Excelerate Energy by 41.6% during the second quarter. Geode Capital Management LLC now owns 608,070 shares of the company’s stock valued at $17,830,000 after purchasing an additional 178,507 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Excelerate Energy by 30.7% during the third quarter. Qube Research & Technologies Ltd now owns 592,505 shares of the company’s stock valued at $14,925,000 after purchasing an additional 139,160 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of EE stock opened at $28.67 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.39 and a current ratio of 2.39. Excelerate Energy has a fifty-two week low of $21.28 and a fifty-two week high of $32.99. The firm has a market cap of $3.27 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.31 and a beta of 1.36. The business’s 50 day moving average price is $26.90 and its 200-day moving average price is $26.64.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. The company 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%.The company’s revenue was up 102.2% compared to the same quarter last year. On average, equities research analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Wednesday, November 19th were issued a $0.08 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. Excelerate Energy’s dividend payout ratio is 22.22%.

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.