Excelerate Energy, Inc. (NYSE:EE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $38.3333.

Several brokerages have commented on EE. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Northland Securities set a $48.00 target price on shares of Excelerate Energy in a research report on Friday, May 15th. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $42.00 target price on shares of Excelerate Energy in a research report on Friday, May 8th. Finally, Barclays raised their target price on shares of Excelerate Energy from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd.

Insider Activity

In other news, insider Oliver Simpson sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $34.15, for a total transaction of $204,900.00. Following the transaction, the insider directly owned 51,719 shares in the company, valued at approximately $1,766,203.85. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.34% of the company’s stock.

Hedge Funds Weigh In On Excelerate Energy

A number of hedge funds have recently modified their holdings of EE. Arax Advisory Partners grew its position in shares of Excelerate Energy by 791.9% during the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after acquiring an additional 784 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Excelerate Energy during the fourth quarter worth approximately $33,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Excelerate Energy during the third quarter worth approximately $38,000. Essex Investment Management Co. LLC purchased a new position in shares of Excelerate Energy during the fourth quarter worth approximately $41,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter worth $56,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $32.53 on Friday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 26.45, a P/E/G ratio of 1.19 and a beta of 1.27. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $34.24 and its two-hundred day moving average is $33.35.

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

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. Excelerate Energy’s dividend payout ratio (DPR) is 26.02%.

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.