Excelerate Energy (NYSE:EE) Lowered to Hold Rating by Wall Street Zen

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

A number of other research analysts also recently issued reports on the stock. Morgan Stanley reaffirmed an "underweight" rating and issued a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Stephens reiterated an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Finally, 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. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.17.

Excelerate Energy Stock Up 1.7%

Shares of Excelerate Energy stock traded up $0.48 on Thursday, reaching $28.96. The stock had a trading volume of 272,250 shares, compared to its average volume of 288,443. The company has a 50 day moving average price of $27.37 and a 200 day moving average price of $29.01. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 1 year low of $16.70 and a 1 year high of $32.99. The stock has a market capitalization of $3.07 billion, a P/E ratio of 29.25, a P/E/G ratio of 5.82 and a beta of 1.39.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm had revenue of $315.09 million for the quarter, compared to the consensus estimate of $207.87 million. The business's revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts forecast that Excelerate Energy will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, May 21st. Excelerate Energy's dividend payout ratio (DPR) is presently 16.33%.

Institutional Trading of Excelerate Energy

Several institutional investors and hedge funds have recently bought and sold shares of EE. JPMorgan Chase & Co. lifted its stake in Excelerate Energy by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock valued at $1,102,000 after acquiring an additional 12,802 shares during the period. SG Americas Securities LLC lifted its stake in Excelerate Energy by 11.6% during the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after acquiring an additional 845 shares during the period. Principal Financial Group Inc. acquired a new stake in Excelerate Energy during the 4th quarter valued at approximately $283,000. TimesSquare Capital Management LLC acquired a new stake in Excelerate Energy during the 4th quarter valued at approximately $13,854,000. Finally, Private Advisor Group LLC acquired a new stake in Excelerate Energy during the 4th quarter valued at approximately $285,000. 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.