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

Key Points

• Excelerate Energy, Inc. has received a consensus rating of "Hold" from analysts, with two sell ratings, one hold, and five buy recommendations.
• The company's stock recently opened at $24.42, with a 52-week low of $17.70 and a high of $32.99, while the average price target among brokerages is $32.86.
• Excelerate Energy declared an increase in its quarterly dividend to $0.08 per share, representing a 1.3% yield, effective for stockholders of record as of August 20th.

Shares of Excelerate Energy, Inc. (NYSE:EE - Get Free Report) have received an average recommendation of "Hold" from the eight analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $32.8571.

A number of analysts have recently issued reports on EE shares. Wells Fargo & Company set a $26.00 price target on Excelerate Energy in a research report on Monday, August 11th. Wall Street Zen upgraded Excelerate Energy from a "sell" rating to a "hold" rating in a research report on Sunday. Citigroup reiterated an "outperform" rating on shares of Excelerate Energy in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group started coverage on Excelerate Energy in a research report on Thursday, June 5th. They set a "buy" rating and a $39.00 price target for the company.

Excelerate Energy Stock Down 1.6%

Shares of NYSE EE opened at $24.42 on Thursday. Excelerate Energy has a 52 week low of $17.70 and a 52 week high of $32.99. The business has a 50-day simple moving average of $26.09 and a two-hundred day simple moving average of $27.57. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.78 billion, a P/E ratio of 17.96 and a beta of 1.38.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Excelerate Energy had a return on equity of 4.16% and a net margin of 3.64%.The business had revenue of $204.60 million during the quarter, compared to the consensus estimate of $259.82 million. The company's quarterly revenue was up 11.6% on a year-over-year basis. Research analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Excelerate Energy's previous quarterly dividend of $0.06. Excelerate Energy's dividend payout ratio (DPR) is 23.53%.

Institutional Trading of Excelerate Energy

A number of large investors have recently modified their holdings of EE. Kayne Anderson Capital Advisors LP bought a new stake in shares of Excelerate Energy during the 2nd quarter valued at about $12,926,000. Emerald Advisers LLC bought a new stake in Excelerate Energy in the 2nd quarter worth approximately $11,740,000. Qube Research & Technologies Ltd lifted its position in Excelerate Energy by 328.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company's stock worth $13,292,000 after buying an additional 347,521 shares during the last quarter. Nuveen LLC bought a new stake in Excelerate Energy in the 1st quarter worth approximately $7,102,000. Finally, TimesSquare Capital Management LLC lifted its position in Excelerate Energy by 49.8% in the 2nd quarter. TimesSquare Capital Management LLC now owns 716,352 shares of the company's stock worth $21,003,000 after buying an additional 238,259 shares during the last quarter. Institutional investors own 21.79% of the company's stock.

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.

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