Excelerate Energy (NYSE:EE) Raised to "Hold" at Wall Street Zen

Key Points

• Excelerate Energy's stock rating has been upgraded from a "sell" to a "hold" by analysts at Wall Street Zen.
• The company recently reported an earnings per share (EPS) of $0.34 for the last quarter, beating the consensus estimate of $0.32.
• There is a consensus rating of "Hold" among analysts, with a target price of $32.86 for Excelerate Energy's shares.

Wall Street Zen upgraded shares of Excelerate Energy (NYSE:EE - Free Report) from a sell rating to a hold rating in a report released on Sunday.

A number of other brokerages also recently issued reports on EE. Wells Fargo & Company set a $26.00 price target on Excelerate Energy in a research report on Monday, August 11th. Jefferies Financial Group began coverage on Excelerate Energy in a report on Thursday, June 5th. They issued a "buy" rating and a $39.00 target price on the stock. Finally, Citigroup reiterated an "outperform" rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Excelerate Energy has a consensus rating of "Hold" and an average price target of $32.86.

Excelerate Energy Stock Down 1.7%

Shares of Excelerate Energy stock traded down $0.42 during trading on Friday, reaching $24.39. The stock had a trading volume of 277,071 shares, compared to its average volume of 535,053. Excelerate Energy has a 52 week low of $17.70 and a 52 week high of $32.99. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 17.93 and a beta of 1.38. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $25.89 and a two-hundred day moving average price of $27.49.

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

Excelerate Energy Increases Dividend

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

Hedge Funds Weigh In On Excelerate Energy

Hedge funds have recently modified their holdings of the company. AlphaQuest LLC bought a new position in shares of Excelerate Energy during the 2nd quarter worth approximately $30,000. Aquatic Capital Management LLC bought a new stake in Excelerate Energy during the 4th quarter valued at $33,000. New York State Teachers Retirement System raised its holdings in Excelerate Energy by 1,467.0% during the 1st quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock valued at $45,000 after acquiring an additional 1,467 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Excelerate Energy by 157.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company's stock valued at $57,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Quarry LP grew its position in shares of Excelerate Energy by 89.6% during the 1st quarter. Quarry LP now owns 1,997 shares of the company's stock valued at $57,000 after purchasing an additional 944 shares in 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.