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

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) has received a consensus recommendation of "Hold" from the six ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $31.17.

Several brokerages have issued reports on EE. Wall Street Zen downgraded Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday. Morgan Stanley reiterated an "underweight" rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Barclays upped their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Finally, Stephens reiterated an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd.

Excelerate Energy Stock Up 1.7%

Shares of NYSE:EE traded up $0.48 during midday trading on Tuesday, reaching $28.96. The company had a trading volume of 272,250 shares, compared to its average volume of 288,443. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The business's 50 day moving average price is $27.37 and its 200 day moving average price is $29.04. The stock has a market cap of $3.30 billion, a PE ratio of 29.25, a P/E/G ratio of 5.82 and a beta of 1.39. Excelerate Energy has a 1-year low of $16.70 and a 1-year high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The firm had revenue of $315.09 million during the quarter, compared to analysts' expectations of $207.87 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company's quarterly revenue was up 14.8% on a year-over-year basis. Research analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Excelerate Energy's dividend payout ratio (DPR) is presently 16.33%.

Institutional Investors Weigh In On Excelerate Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TimesSquare Capital Management LLC raised its position in shares of Excelerate Energy by 4.4% in the first quarter. TimesSquare Capital Management LLC now owns 478,093 shares of the company's stock valued at $13,712,000 after buying an additional 20,095 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Excelerate Energy by 27.5% during the 1st 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 in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Excelerate Energy by 45.9% during the 1st quarter. Russell Investments Group Ltd. now owns 435,948 shares of the company's stock worth $12,503,000 after purchasing an additional 137,120 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Excelerate Energy by 16.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company's stock worth $13,168,000 after purchasing an additional 60,691 shares in the last quarter. Finally, Millennium Management LLC grew its holdings 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 worth $11,908,000 after purchasing an additional 87,672 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Company Profile

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.