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

Excelerate Energy, Inc. (NYSE:EE) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $38.3333.

EE has been the topic of several recent research reports. Northland Securities set a $48.00 price objective on shares of Excelerate Energy in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $42.00 price objective on shares of Excelerate Energy in a research report on Friday, May 8th. Morgan Stanley reduced their target price on shares of Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Barclays upped their target price on shares of Excelerate Energy from $33.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, Zacks Research lowered shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EE. AQR Capital Management LLC lifted its holdings in Excelerate Energy by 91.7% in the 1st quarter. AQR Capital Management LLC now owns 18,117 shares of the company’s stock valued at $520,000 after purchasing an additional 8,665 shares in the last quarter. Millennium Management LLC lifted its holdings in Excelerate Energy by 26.8% in the 1st quarter. Millennium Management LLC now owns 415,206 shares of the company’s stock valued at $11,908,000 after purchasing an additional 87,672 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Excelerate Energy by 27.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock valued at $12,698,000 after purchasing an additional 95,565 shares in the last quarter. Jane Street Group LLC lifted its holdings in Excelerate Energy by 133.9% in the 1st quarter. Jane Street Group LLC now owns 63,505 shares of the company’s stock valued at $1,821,000 after purchasing an additional 36,354 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Excelerate Energy by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 19,317 shares of the company’s stock valued at $566,000 after purchasing an additional 670 shares in the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Price Performance

Excelerate Energy stock opened at $36.05 on Wednesday. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $34.34 and its 200 day simple moving average is $33.99. The firm has a market capitalization of $4.10 billion, a PE ratio of 29.31, a P/E/G ratio of 1.30 and a beta of 1.27.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The business had revenue of $433.44 million during the quarter, compared to analysts’ expectations of $351.68 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Excelerate Energy’s quarterly revenue was up 37.6% on a year-over-year basis. On average, equities research analysts predict that Excelerate Energy will post 1.52 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio is 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.