Excelerate Energy, Inc. (NYSE:EE) Given Average Rating of "Hold" by Brokerages

Key Points

• Excelerate Energy, Inc. has received an average recommendation of "Hold" from nine research firms, with one sell rating, three holds, and five buy ratings.
• The company's recent quarterly earnings report showed an EPS of $0.34, exceeding analyst estimates, despite revenue falling short at $204.60 million.
• Excelerate Energy has increased its quarterly dividend to $0.08 per share, representing a 1.1% yield, up from the previous dividend of $0.06.

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has been assigned an average recommendation of "Hold" from the nine research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $32.50.

A number of research analysts recently commented on EE shares. DNB Markets set a $31.00 target price on shares of Excelerate Energy in a research report on Wednesday, September 10th. Wells Fargo & Company set a $26.00 target price on shares of Excelerate Energy in a research report on Monday, August 11th. JPMorgan Chase & Co. began coverage on shares of Excelerate Energy in a research report on Monday, September 8th. They issued a "neutral" rating and a $30.00 target price on the stock. Citigroup reissued an "outperform" rating on shares of Excelerate Energy in a report on Wednesday, August 13th. Finally, Wall Street Zen raised Excelerate Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 24th.

Institutional Investors Weigh In On Excelerate Energy

Large investors have recently modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in shares of Excelerate Energy by 1,467.0% in the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock valued at $45,000 after acquiring an additional 1,467 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Excelerate Energy in the first quarter valued at approximately $1,400,000. Deutsche Bank AG boosted its holdings in shares of Excelerate Energy by 254.4% in the first quarter. Deutsche Bank AG now owns 69,003 shares of the company's stock valued at $1,979,000 after acquiring an additional 49,531 shares during the period. GAMMA Investing LLC raised its stake in shares of Excelerate Energy by 4,503.2% during the first quarter. GAMMA Investing LLC now owns 12,935 shares of the company's stock worth $371,000 after purchasing an additional 12,654 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Excelerate Energy during the first quarter worth $7,102,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Performance

Shares of EE opened at $28.18 on Friday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 20.72 and a beta of 1.37. Excelerate Energy has a 52-week low of $21.28 and a 52-week high of $32.99. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $24.83 and a 200 day moving average price of $26.55.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $204.60 million during the quarter, compared to analysts' expectations of $259.82 million. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The company's revenue was up 11.6% on a year-over-year basis. Research analysts predict that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Wednesday, August 20th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This is an increase from Excelerate Energy's previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. Excelerate Energy's dividend payout ratio is currently 23.53%.

About Excelerate Energy

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.

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