Excelerate Energy, Inc. (NYSE:EE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately bullish: Fourteen analysts give Excelerate Energy an average “Moderate Buy” rating, with an average 12-month price target of $40.73 versus the reported share price of $35.85.
• Quarterly results were mixed: The company reported EPS of $0.37, beating estimates by $0.02, while revenue of $329.27 million fell short of expectations but increased 60.9% year over year.
• Excelerate raised its dividend to $0.09 per quarter from $0.08, representing an annualized dividend of $0.36 and a 1.0% yield; institutional investors own 21.79% of the company.

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $40.7273.

A number of research analysts recently commented on EE shares. The Goldman Sachs Group initiated coverage on shares of Excelerate Energy in a research report on Wednesday, July 15th. They issued a "buy" rating and a $49.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $42.00 target price on shares of Excelerate Energy in a report on Friday, May 8th. Zacks Research upgraded Excelerate Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded Excelerate Energy from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Finally, Stephens reissued an "overweight" rating and issued a $45.00 price objective on shares of Excelerate Energy in a report on Thursday, July 9th.

Excelerate Energy Stock Performance

Shares of EE opened at $35.85 on Thursday. Excelerate Energy has a 1 year low of $22.86 and a 1 year high of $43.17. The stock has a 50-day simple moving average of $36.90 and a 200-day simple moving average of $36.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.60 and a current ratio of 1.80. The stock has a market capitalization of $4.08 billion, a PE ratio of 24.72, a PEG ratio of 1.25 and a beta of 1.22.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. The business had revenue of $329.27 million during the quarter, compared to analysts' expectations of $344.27 million. During the same period in the previous year, the company earned $0.34 EPS. The company's revenue for the quarter was up 60.9% on a year-over-year basis. On average, analysts predict that Excelerate Energy will post 1.57 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. Excelerate Energy's dividend payout ratio is currently 22.07%.

Hedge Funds Weigh In On Excelerate Energy

A number of large investors have recently bought and sold shares of EE. AQR Capital Management LLC raised its position in shares of Excelerate Energy by 91.7% during the 1st quarter. AQR Capital Management LLC now owns 18,117 shares of the company's stock worth $520,000 after purchasing an additional 8,665 shares during the last quarter. Millennium Management LLC increased its stake in shares of Excelerate Energy by 26.8% during the 1st quarter. Millennium Management LLC now owns 415,206 shares of the company's stock valued at $11,908,000 after acquiring an additional 87,672 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Excelerate Energy by 27.5% during the first quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company's stock worth $12,698,000 after purchasing an additional 95,565 shares during the last quarter. Jane Street Group LLC boosted its holdings in Excelerate Energy by 133.9% in the first quarter. Jane Street Group LLC now owns 63,505 shares of the company's stock valued at $1,821,000 after acquiring an additional 36,354 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Excelerate Energy by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 19,317 shares of the company's stock worth $566,000 after purchasing an additional 670 shares during the period. Hedge funds and other institutional investors own 21.79% of the company's stock.

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.

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