Excelerate Energy (NYSE:EE) Rating Reiterated by Stephens

Stephens reissued their overweight rating on shares of Excelerate Energy (NYSE:EE) in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a $21.00 target price on the stock.

Several other analysts have also commented on EE. Wells Fargo & Company lowered shares of Excelerate Energy from an equal weight rating to an underweight rating and dropped their price target for the company from $20.00 to $19.00 in a research report on Friday, August 30th. Northland Securities upped their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an outperform rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $22.00.

Excelerate Energy Trading Down 0.4 %

Shares of NYSE:EE opened at $23.04 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $23.58. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 22.81 and a beta of 1.32. The business has a 50-day moving average price of $19.78 and a 200-day moving average price of $18.29.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. The business had revenue of $183.33 million for the quarter, compared to analysts’ expectations of $259.14 million. During the same period last year, the business earned $0.23 EPS. Equities analysts predict that Excelerate Energy will post 1.14 EPS for the current year.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.43%. The ex-dividend date was Wednesday, August 21st. Excelerate Energy’s payout ratio is currently 9.90%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in shares of Excelerate Energy in the 2nd quarter valued at approximately $26,000. New York State Teachers Retirement System acquired a new position in Excelerate Energy during the first quarter worth $26,000. Public Employees Retirement System of Ohio acquired a new position in Excelerate Energy during the first quarter worth $38,000. SG Americas Securities LLC purchased a new position in shares of Excelerate Energy during the third quarter worth $161,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Excelerate Energy in the 1st quarter valued at $118,000. 21.79% of the stock is currently owned by hedge funds and other 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.