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

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $32.6250.

A number of research firms recently commented on EE. Morgan Stanley set a $30.00 price objective on shares of Excelerate Energy and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Raymond James Financial upgraded Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price for the company in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a report on Monday, December 29th. Tudor Pickering raised Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Finally, Wall Street Zen upgraded Excelerate Energy from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC acquired a new stake in shares of Excelerate Energy during the 2nd quarter valued at $30,000. State of Alaska Department of Revenue purchased a new stake in shares of Excelerate Energy during the third quarter worth $30,000. Aster Capital Management DIFC Ltd acquired a new stake in Excelerate Energy during the third quarter valued at $38,000. New York State Teachers Retirement System boosted its position in Excelerate Energy by 32.8% during the third quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock valued at $52,000 after purchasing an additional 514 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Excelerate Energy by 157.1% in 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 in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Trading Up 3.0%

Shares of EE opened at $36.05 on Friday. The business’s 50-day moving average price is $28.85 and its 200 day moving average price is $26.60. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $4.11 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.44 and a beta of 1.36. Excelerate Energy has a 1-year low of $21.28 and a 1-year high of $36.09.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.32 by $0.13. The company had revenue of $391.04 million during the quarter, compared to analysts’ expectations of $270.82 million. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. The firm’s revenue was up 102.2% on a year-over-year basis. Analysts expect that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy announced that its board has approved a stock repurchase program on Thursday, December 11th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Wednesday, November 19th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 19th. Excelerate Energy’s dividend payout ratio is 22.22%.

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.