Excelerate Energy, Inc. (NYSE:EE) Announces Quarterly Dividend of $0.03

Excelerate Energy, Inc. (NYSE:EE) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Wednesday, August 21st will be given a dividend of 0.025 per share on Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, August 21st.

Excelerate Energy has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Excelerate Energy to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 7.4%.

Excelerate Energy Stock Performance

Excelerate Energy stock traded down $0.54 during mid-day trading on Friday, reaching $19.52. 166,968 shares of the company were exchanged, compared to its average volume of 214,345. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $22.42. The firm’s 50-day simple moving average is $18.35 and its two-hundred day simple moving average is $16.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market cap of $2.09 billion, a PE ratio of 19.33 and a beta of 1.31.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. The company had revenue of $200.11 million during the quarter, compared to analysts’ expectations of $255.26 million. Equities analysts predict that Excelerate Energy will post 1.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and issued a $21.00 price objective on shares of Excelerate Energy in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.50.

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.