Excelerate Energy, Inc. (NYSE:EE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE – Get Free Report) have earned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $44.56.

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Excelerate Energy from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Excelerate Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Morgan Stanley set a $41.00 target price on shares of Excelerate Energy in a research note on Friday, August 7th. Northland Securities set a $45.00 price target on Excelerate Energy in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group began coverage on Excelerate Energy in a research note on Wednesday, July 15th. They set a “buy” rating and a $49.00 price target on the stock.

View Our Latest Stock Analysis on EE

Hedge Funds Weigh In On Excelerate Energy

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Excelerate Energy by 26.8% in the 2nd quarter. Wellington Management Group LLP now owns 3,339,759 shares of the company’s stock worth $126,877,000 after buying an additional 705,587 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Excelerate Energy by 45.0% during the 1st quarter. Copeland Capital Management LLC now owns 1,584,618 shares of the company’s stock valued at $52,958,000 after acquiring an additional 491,653 shares during the last quarter. Ranger Investment Management L.P. purchased a new position in shares of Excelerate Energy during the 2nd quarter worth about $34,658,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Excelerate Energy during the 1st quarter worth about $10,862,000. Finally, Renaissance Technologies LLC boosted its position in shares of Excelerate Energy by 132.9% in the first quarter. Renaissance Technologies LLC now owns 285,519 shares of the company’s stock worth $9,542,000 after acquiring an additional 162,919 shares during the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Trading Up 1.3%

Shares of EE stock opened at $34.58 on Friday. The firm has a 50-day moving average price of $36.97 and a 200 day moving average price of $35.90. Excelerate Energy has a twelve month low of $24.89 and a twelve month high of $43.17. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 23.85 and a beta of 1.25. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.52.

Excelerate Energy (NYSE:EE – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. The company had revenue of $329.27 million for the quarter, compared to analyst estimates of $344.27 million. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 60.9% on a year-over-year basis. Research analysts forecast that Excelerate Energy will post 1.57 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were paid a $0.09 dividend. The ex-dividend date was Wednesday, August 19th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.0%. Excelerate Energy’s payout ratio is currently 24.83%.

About Excelerate Energy

(Get Free Report)

Excelerate Energy, Inc is a U.S.-based energy infrastructure company focused on delivering liquefied natural gas (LNG) to markets that need flexible access to natural gas. The company’s core business is the ownership and operation of floating storage and regasification units (FSRUs), which receive, store, and convert LNG back into natural gas for delivery to onshore or pipeline networks.

In addition to operating FSRUs, Excelerate provides integrated LNG services that can include LNG procurement and supply, transportation, regasification, facility development, and related downstream infrastructure.

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Analyst Recommendations for Excelerate Energy (NYSE:EE)

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