Excelerate Energy (NYSE:EE) Upgraded to “Strong-Buy” at Tudor Pickering

Tudor Pickering upgraded shares of Excelerate Energy (NYSE:EE) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

EE has been the subject of several other research reports. Wall Street Zen upgraded Excelerate Energy from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. DNB Markets set a $31.00 price target on shares of Excelerate Energy in a research report on Wednesday, September 10th. Wells Fargo & Company set a $26.00 price objective on shares of Excelerate Energy in a research report on Monday, August 11th. Jefferies Financial Group set a $37.00 target price on shares of Excelerate Energy and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Citigroup reissued an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

Excelerate Energy Price Performance

Excelerate Energy stock opened at $27.26 on Monday. The company has a market capitalization of $3.11 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.05 and a beta of 1.38. The business has a 50 day simple moving average of $26.05 and a 200 day simple moving average of $26.66. Excelerate Energy has a one year low of $21.28 and a one year high of $32.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.39 and a quick ratio of 2.39.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. The business had revenue of $245.16 million during the quarter, compared to analysts’ expectations of $270.82 million. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. The company’s revenue for the quarter was up 102.2% compared to the same quarter last year. On average, sell-side analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, November 19th. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. Excelerate Energy’s dividend payout ratio (DPR) is 22.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Excelerate Energy by 17.6% in the third quarter. Wellington Management Group LLP now owns 2,888,034 shares of the company’s stock valued at $72,750,000 after purchasing an additional 433,010 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Excelerate Energy by 29.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 924,123 shares of the company’s stock valued at $23,279,000 after buying an additional 207,771 shares during the period. Kayne Anderson Capital Advisors LP increased its position in shares of Excelerate Energy by 77.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 781,623 shares of the company’s stock valued at $19,689,000 after buying an additional 340,747 shares in the last quarter. Geode Capital Management LLC raised its stake in Excelerate Energy by 41.6% during the 2nd quarter. Geode Capital Management LLC now owns 608,070 shares of the company’s stock worth $17,830,000 after buying an additional 178,507 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in Excelerate Energy by 30.7% during the third quarter. Qube Research & Technologies Ltd now owns 592,505 shares of the company’s stock worth $14,925,000 after acquiring an additional 139,160 shares in the last quarter. 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.