Excelerate Energy, Inc. (EE) To Go Ex-Dividend on May 21st

Excelerate Energy, Inc. (NYSE:EE) announced a quarterly dividend on Thursday, May 1st, RTT News reports. Shareholders of record on Wednesday, May 21st will be given a dividend of 0.06 per share on Thursday, June 5th. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 21st.

Excelerate Energy has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 18.3%.

Excelerate Energy Trading Down 1.5%

Shares of NYSE EE opened at $28.80 on Monday. The stock has a market capitalization of $3.05 billion, a PE ratio of 29.09, a PEG ratio of 5.82 and a beta of 1.39. The stock has a fifty day simple moving average of $27.30 and a 200-day simple moving average of $28.89. Excelerate Energy has a twelve month low of $16.70 and a twelve month high of $32.99. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $315.09 million during the quarter, compared to the consensus estimate of $207.87 million. Excelerate Energy’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Excelerate Energy will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stephens reiterated an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Barclays increased their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Morgan Stanley reissued an “underweight” rating and set a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Excelerate Energy currently has a consensus rating of “Hold” and a consensus price target of $31.17.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Excelerate Energy by 91.7% in the first quarter. AQR Capital Management LLC now owns 18,117 shares of the company’s stock valued at $520,000 after acquiring an additional 8,665 shares during the period. Millennium Management LLC grew its stake in Excelerate Energy by 26.8% during the first quarter. Millennium Management LLC now owns 415,206 shares of the company’s stock valued at $11,908,000 after acquiring an additional 87,672 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Excelerate Energy by 27.5% during the first quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock valued at $12,698,000 after acquiring an additional 95,565 shares in the last quarter. 21.79% of the stock is 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.