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

Key Points

• Consensus: Eleven analysts rate Excelerate Energy an average "Moderate Buy" (5 hold, 4 buy, 2 strong buy) with a 12‑month average target of $39.00.
• Several firms have recently raised targets—Morgan Stanley to $40, Barclays to $41, Raymond James to a strong‑buy at $36 and Northland as high as $50—indicating upward analyst revisions.
• Latest quarter showed EPS of $0.29 (missed by $0.01) while revenue of $317.6M beat estimates and rose 15.6% YoY; the board also authorized a $75 million buyback and the company pays a $0.32 annualized dividend (~0.9% yield).

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has received an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment 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 brokerages that have updated their coverage on the stock in the last year is $39.00.

Several analysts recently commented on EE shares. Morgan Stanley raised their target price on Excelerate Energy from $30.00 to $40.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 24th. Raymond James Financial raised Excelerate Energy from an "outperform" rating to a "strong-buy" rating and set a $36.00 target price on the stock in a report on Monday, January 5th. Barclays raised their target price on Excelerate Energy from $33.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. Northland Securities set a $50.00 target price on Excelerate Energy in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Excelerate Energy in a report on Friday, March 27th.

Excelerate Energy Stock Down 0.1%

Excelerate Energy stock opened at $34.73 on Friday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.41. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The business's 50-day moving average price is $36.91 and its 200 day moving average price is $31.16. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.54.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $317.57 million for the quarter, compared to analyst estimates of $293.49 million. Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The firm's revenue was up 15.6% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. As a group, sell-side analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 11th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, March 11th. Excelerate Energy's dividend payout ratio (DPR) is presently 24.24%.

Insider Buying and Selling

In other Excelerate Energy news, insider Oliver Simpson sold 6,000 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $34.15, for a total value of $204,900.00. Following the sale, the insider directly owned 51,719 shares of the company's stock, valued at approximately $1,766,203.85. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.83% of the company's stock.

Institutional Trading of Excelerate Energy

Several institutional investors have recently bought and sold shares of EE. KLP Kapitalforvaltning AS boosted its stake in shares of Excelerate Energy by 645.2% in the third quarter. KLP Kapitalforvaltning AS now owns 69,300 shares of the company's stock worth $1,746,000 after acquiring an additional 60,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Excelerate Energy by 153.5% in the third quarter. Principal Financial Group Inc. now owns 41,518 shares of the company's stock worth $1,046,000 after acquiring an additional 25,139 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Excelerate Energy in the third quarter worth approximately $1,845,000. Fortress Investment Group LLC acquired a new stake in shares of Excelerate Energy in the second quarter worth approximately $3,130,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Excelerate Energy by 37.3% in the third quarter. JPMorgan Chase & Co. now owns 408,152 shares of the company's stock worth $10,281,000 after acquiring an additional 110,970 shares during the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

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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