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

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

A number of other analysts also recently weighed in on EE. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Jefferies Financial Group started coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They issued a "buy" rating and a $39.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $32.29.

Excelerate Energy Trading Down 2.4%

EE traded down $0.61 during trading on Friday, reaching $24.76. 463,599 shares of the company's stock were exchanged, compared to its average volume of 317,004. The company's fifty day moving average price is $29.02 and its 200-day moving average price is $28.77. The firm has a market capitalization of $2.82 billion, a PE ratio of 16.91, a P/E/G ratio of 0.88 and a beta of 1.40. Excelerate Energy has a fifty-two week low of $17.54 and a fifty-two week high of $32.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.34 and a current ratio of 3.34.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. The firm had revenue of $315.09 million for the quarter, compared to analysts' expectations of $207.87 million. Excelerate Energy's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities analysts forecast that Excelerate Energy will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, May 21st. Excelerate Energy's dividend payout ratio is 16.33%.

Institutional Trading of Excelerate Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 grew its position in shares of Excelerate Energy by 1,467.0% in the 1st quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock worth $45,000 after buying an additional 1,467 shares during the period. Summit Investment Advisors Inc. grew its position in Excelerate Energy by 28.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after purchasing an additional 400 shares during the last quarter. Quarry LP grew its position in 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 during the last quarter. Finally, 10Elms LLP bought a new position in Excelerate Energy during the 4th quarter valued at about $76,000. 21.79% of the stock is currently owned by institutional investors.

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.