Excelerate Energy, Inc. (EE) To Go Ex-Dividend on May 20th

Excelerate Energy, Inc. (NYSE:EE) declared a quarterly dividend on Thursday, April 30th. Investors of record on Wednesday, May 20th will be paid a dividend of 0.08 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, May 20th.

Excelerate Energy has a dividend payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Excelerate Energy to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.1%.

Excelerate Energy Trading Up 0.1%

Shares of EE stock opened at $35.75 on Monday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.53. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.30 and a beta of 1.32. The company’s 50-day moving average price is $34.29 and its 200-day moving average price is $32.61. Excelerate Energy has a twelve month low of $21.28 and a twelve month high of $43.17.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $433.44 million for the quarter, compared to analyst estimates of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The firm’s quarterly revenue was up 37.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, equities analysts predict that Excelerate Energy will post 1.52 earnings per share for the current year.

Insider Activity at Excelerate Energy

In other news, insider Oliver Simpson sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $34.15, for a total transaction of $204,900.00. Following the sale, the insider owned 51,719 shares of the company’s stock, valued at approximately $1,766,203.85. This trade represents a 10.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.83% of the company’s stock.

Institutional Investors Weigh In On Excelerate Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in Excelerate Energy by 24.9% in the fourth quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after buying an additional 719,148 shares during the last quarter. Vanguard Group Inc. grew its position in Excelerate Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,405,120 shares of the company’s stock worth $67,464,000 after purchasing an additional 11,731 shares during the last quarter. Copeland Capital Management LLC increased its stake in Excelerate Energy by 45.0% in the first quarter. Copeland Capital Management LLC now owns 1,584,618 shares of the company’s stock valued at $52,958,000 after purchasing an additional 491,653 shares during the period. TimesSquare Capital Management LLC increased its stake in Excelerate Energy by 2.8% in the fourth quarter. TimesSquare Capital Management LLC now owns 949,723 shares of the company’s stock valued at $26,640,000 after purchasing an additional 25,600 shares during the period. Finally, Kayne Anderson Capital Advisors LP raised its stake in Excelerate Energy by 77.3% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 781,623 shares of the company’s stock valued at $19,689,000 after acquiring an additional 340,747 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

About Excelerate Energy

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.