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

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $38.3333.

EE has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a research report on Friday, March 27th. Dnb Carnegie cut shares of Excelerate Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $42.00 price target on shares of Excelerate Energy in a research report on Friday, May 8th. Finally, Wells Fargo & Company lowered their price target on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th.

Insider Activity at Excelerate Energy

In related news, insider Oliver Simpson sold 6,000 shares of Excelerate Energy stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $34.15, for a total transaction of $204,900.00. Following the transaction, the insider owned 51,719 shares of the company’s stock, valued at $1,766,203.85. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Excelerate Energy by 7.5% during the 1st quarter. Bank of America Corp DE now owns 150,160 shares of the company’s stock worth $5,018,000 after acquiring an additional 10,541 shares during the last quarter. Amundi bought a new position in Excelerate Energy during the 1st quarter worth approximately $208,000. Empowered Funds LLC bought a new position in Excelerate Energy during the 1st quarter worth approximately $1,028,000. The Manufacturers Life Insurance Company boosted its stake in Excelerate Energy by 46.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 10,713 shares of the company’s stock worth $358,000 after acquiring an additional 3,411 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Excelerate Energy by 6.7% during the 1st quarter. Quantinno Capital Management LP now owns 11,025 shares of the company’s stock worth $368,000 after acquiring an additional 690 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 0.1%

EE opened at $33.15 on Friday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $3.77 billion, a PE ratio of 26.95, a PEG ratio of 1.20 and a beta of 1.32. Excelerate Energy has a 1-year low of $21.28 and a 1-year high of $43.17. The firm has a 50-day moving average price of $34.33 and a two-hundred day moving average price of $33.19.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The company had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s revenue was up 37.6% compared to the same quarter last year. As a group, equities analysts anticipate that Excelerate Energy will post 1.52 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. Excelerate Energy’s payout ratio is currently 26.02%.

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.