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

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

Several analysts have issued reports on the stock. Morgan Stanley reiterated an "underweight" rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Barclays increased their price objective on Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Stephens reissued an "overweight" rating and set a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $29.08 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy has a fifty-two week low of $16.70 and a fifty-two week high of $32.99. The stock has a market cap of $3.08 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. The stock has a fifty day moving average of $27.32 and a 200-day moving average of $28.92.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. The company's revenue was up 14.8% compared to the same quarter last year. Equities research analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy's dividend payout ratio is currently 16.33%.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors have recently modified their holdings of the company. TimesSquare Capital Management LLC raised its position in Excelerate Energy by 4.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 478,093 shares of the company's stock worth $13,712,000 after purchasing an additional 20,095 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Excelerate Energy by 27.5% during the first quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company's stock valued at $12,698,000 after buying an additional 95,565 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Excelerate Energy by 45.9% in the first quarter. Russell Investments Group Ltd. now owns 435,948 shares of the company's stock worth $12,503,000 after buying an additional 137,120 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Excelerate Energy by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company's stock worth $13,168,000 after buying an additional 60,691 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Excelerate Energy by 26.8% in 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. 21.79% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.