Excelerate Energy, Inc. (NYSE:EE) Declares Quarterly Dividend of $0.03

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Wednesday, May 22nd will be given a dividend of 0.025 per share on Thursday, June 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Tuesday, May 21st.

Excelerate Energy has a dividend payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.3%.

Excelerate Energy Stock Performance

EE stock traded up $0.19 during midday trading on Friday, reaching $17.41. 151,122 shares of the company's stock traded hands, compared to its average volume of 198,734. The stock's 50-day moving average is $15.87 and its 200 day moving average is $15.63. The stock has a market cap of $1.89 billion, a P/E ratio of 16.90 and a beta of 1.30. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $22.42. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.38.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). The company had revenue of $240.06 million during the quarter, compared to the consensus estimate of $265.31 million. Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. As a group, analysts anticipate that Excelerate Energy will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stephens began coverage on shares of Excelerate Energy in a report on Tuesday. They issued an "overweight" rating and a $21.00 target price for the company. StockNews.com upgraded shares of Excelerate Energy from a "sell" rating to a "hold" rating in a research report on Saturday, March 9th. Raymond James dropped their target price on shares of Excelerate Energy from $26.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, January 19th. Morgan Stanley decreased their price target on Excelerate Energy from $30.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 13th. Finally, Northland Securities initiated coverage on Excelerate Energy in a research report on Monday, February 26th. They issued an "outperform" rating and a $23.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.75.

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.