Northland Capmk Has Negative Estimate for EE FY2025 Earnings

Key Points

• Northland Capmk has reduced its FY2025 earnings per share estimate for Excelerate Energy to $1.57, down from the previous forecast of $1.61, while the consensus estimate remains at $1.16.
• The company recently increased its quarterly dividend to $0.08, up from $0.06, representing a 1.3% yield.
• Excelerate Energy's shares traded at $24.20, with a market cap of $2.76 billion and a current price target consensus of $32.86.

Excelerate Energy, Inc. (NYSE:EE - Free Report) - Equities research analysts at Northland Capmk lowered their FY2025 earnings estimates for shares of Excelerate Energy in a report released on Wednesday, August 13th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings of $1.57 per share for the year, down from their prior estimate of $1.61. The consensus estimate for Excelerate Energy's current full-year earnings is $1.16 per share.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The company had revenue of $204.60 million during the quarter, compared to analysts' expectations of $259.82 million. Excelerate Energy's revenue for the quarter was up 11.6% on a year-over-year basis.

Other analysts also recently issued research reports about the company. Wells Fargo & Company set a $26.00 price target on Excelerate Energy in a research note on Monday, August 11th. Citigroup reissued an "outperform" rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Jefferies Financial Group started coverage on Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 price target for the company. Finally, Wall Street Zen cut shares of Excelerate Energy from a "buy" rating to a "sell" rating in a research note on Saturday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Excelerate Energy has an average rating of "Hold" and an average target price of $32.86.

Excelerate Energy Stock Down 0.6%

Shares of NYSE EE traded down $0.15 on Friday, reaching $23.79. 490,811 shares of the company's stock traded hands, compared to its average volume of 555,267. The business's 50 day simple moving average is $26.97 and its two-hundred day simple moving average is $27.84. Excelerate Energy has a 12 month low of $17.70 and a 12 month high of $32.99. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 17.49 and a beta of 1.38. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58.

Excelerate Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. This is a boost from Excelerate Energy's previous quarterly dividend of $0.06. Excelerate Energy's payout ratio is presently 17.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EE. Tower Research Capital LLC TRC increased its position in Excelerate Energy by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company's stock valued at $57,000 after acquiring an additional 1,186 shares during the last quarter. Sourcerock Group LLC bought a new stake in shares of Excelerate Energy during the 2nd quarter valued at about $1,173,000. Lazard Asset Management LLC increased its position in shares of Excelerate Energy by 609.3% during the 2nd quarter. Lazard Asset Management LLC now owns 24,798 shares of the company's stock valued at $725,000 after purchasing an additional 21,302 shares during the last quarter. Fortress Investment Group LLC bought a new position in shares of Excelerate Energy in the 2nd quarter worth approximately $3,130,000. Finally, Boothbay Fund Management LLC bought a new position in shares of Excelerate Energy in the 2nd quarter worth approximately $310,000. 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.