Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has been given an average recommendation of "Hold" by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.29.
EE has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Excelerate Energy from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Jefferies Financial Group started coverage on shares of Excelerate Energy in a research report on Thursday, June 5th. They issued a "buy" rating and a $39.00 price target for the company. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th.
Check Out Our Latest Report on EE
Institutional Investors Weigh In On Excelerate Energy
Institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in Excelerate Energy during the 4th quarter valued at about $27,000. Aquatic Capital Management LLC bought a new stake in shares of Excelerate Energy in the fourth quarter worth approximately $33,000. New York State Teachers Retirement System grew its position in Excelerate Energy by 1,467.0% during the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock valued at $45,000 after buying an additional 1,467 shares during the period. Summit Investment Advisors Inc. grew its position in Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after buying an additional 400 shares during the period. Finally, Quarry LP grew its position in Excelerate Energy by 89.6% during the first quarter. Quarry LP now owns 1,997 shares of the company's stock valued at $57,000 after buying an additional 944 shares during the period. 21.79% of the stock is owned by hedge funds and other institutional investors.
Excelerate Energy Stock Down 1.1%
NYSE EE opened at $27.94 on Wednesday. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 0.96 and a beta of 1.40. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.31. Excelerate Energy has a 1-year low of $17.54 and a 1-year high of $32.99. The stock's 50 day moving average is $28.93 and its two-hundred day moving average is $28.98.
Excelerate Energy (NYSE:EE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. The company had revenue of $315.09 million during the quarter, compared to analysts' expectations of $207.87 million. The business's revenue was up 14.8% compared to the same quarter last year. Equities analysts forecast that Excelerate Energy will post 1.16 earnings per share for the current fiscal year.
Excelerate Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, May 21st. Excelerate Energy's dividend payout ratio (DPR) is presently 16.33%.
About Excelerate Energy
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Get Free ReportExcelerate 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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