Excelerate Energy (NYSE:EE) Receives “Overweight” Rating from Stephens

Stephens restated their overweight rating on shares of Excelerate Energy (NYSE:EE) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $45.00 price objective on the stock.

Several other analysts have also recently weighed in on the company. Morgan Stanley lowered their price target on Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. 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 reaffirmed a “buy” rating and issued a $42.00 target price on shares of Excelerate Energy in a research note on Friday, May 8th. Zacks Research lowered shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Northland Securities set a $48.00 price target on shares of Excelerate Energy in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Excelerate Energy Stock Performance

NYSE EE opened at $38.28 on Thursday. The company’s 50 day simple moving average is $35.30 and its two-hundred day simple moving average is $34.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.60. Excelerate Energy has a 1 year low of $21.28 and a 1 year high of $43.17. The stock has a market capitalization of $4.36 billion, a PE ratio of 31.13, a P/E/G ratio of 1.44 and a beta of 1.23.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The firm had revenue of $433.44 million for the quarter, compared to analysts’ expectations of $351.68 million. During the same quarter last year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 37.6% on a year-over-year basis. Analysts predict 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 was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.32 annualized dividend and a yield of 0.8%. Excelerate Energy’s payout ratio is currently 26.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EE. Arax Advisory Partners grew its position in Excelerate Energy by 791.9% during the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after acquiring an additional 784 shares during the last quarter. Global Retirement Partners LLC purchased a new position in Excelerate Energy in the 4th quarter worth approximately $33,000. Essex Investment Management Co. LLC bought a new stake in Excelerate Energy in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC bought a new stake in Excelerate Energy in the fourth quarter valued at approximately $56,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Excelerate Energy by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after purchasing an additional 1,186 shares during the period. 21.79% of the stock is 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.