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

Wall Street Zen lowered shares of Excelerate Energy (NYSE:EE - Free Report) from a buy rating to a hold rating in a report issued on Thursday morning.

Other analysts have also recently issued reports about the stock. Barclays lifted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Morgan Stanley reiterated an "underweight" rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Stephens reissued an "overweight" rating and set a $36.00 price objective on shares of Excelerate Energy in a report 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. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $31.17.

Excelerate Energy Stock Up 1.0%

Shares of EE traded up $0.29 during midday trading on Thursday, hitting $29.22. 62,604 shares of the company's stock traded hands, compared to its average volume of 380,970. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth 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. The firm's fifty day moving average is $27.37 and its 200-day moving average is $29.06.

Excelerate Energy (NYSE:EE - Get Free Report) last released 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 company had revenue of $315.09 million during the quarter, compared to analysts' expectations of $207.87 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.82%. Excelerate Energy's payout ratio is currently 16.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of Excelerate Energy during the 4th quarter valued at about $27,000. Aquatic Capital Management LLC acquired a new stake in Excelerate Energy during the fourth quarter worth about $33,000. New York State Teachers Retirement System raised its position in Excelerate Energy by 1,467.0% during the first 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 in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after buying an additional 400 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Excelerate Energy by 89.6% during the 1st quarter. Quarry LP now owns 1,997 shares of the company's stock worth $57,000 after acquiring an additional 944 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.