Excelerate Energy (NYSE:EE) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of Excelerate Energy (NYSE:EE) from a buy rating to a sell rating in a research report report published on Saturday.

A number of other equities research analysts have also commented on the stock. Jefferies Financial Group assumed coverage on shares of Excelerate Energy in a report on Thursday, June 5th. They set a “buy” rating and a $39.00 price objective on the stock. Citigroup reaffirmed an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company set a $26.00 target price on shares of Excelerate Energy in a research note on Monday, August 11th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.86.

Excelerate Energy Stock Down 0.6%

Shares of NYSE:EE opened at $23.79 on Friday. Excelerate Energy has a 12 month low of $17.70 and a 12 month high of $32.99. The company’s 50-day moving average price is $26.97 and its two-hundred day moving average price is $27.84. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.71 billion, a P/E ratio of 17.49 and a beta of 1.38.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The firm had revenue of $204.60 million for the quarter, compared to analyst estimates of $259.82 million. The business’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, research analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.08 per share. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.3%. Excelerate Energy’s dividend payout ratio (DPR) is presently 17.65%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EE. TimesSquare Capital Management LLC raised its holdings in Excelerate Energy by 49.8% during the 2nd quarter. TimesSquare Capital Management LLC now owns 716,352 shares of the company’s stock worth $21,003,000 after buying an additional 238,259 shares during the period. Geode Capital Management LLC raised its holdings 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. Qube Research & Technologies Ltd raised its holdings in Excelerate Energy by 328.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock worth $13,292,000 after buying an additional 347,521 shares during the period. Russell Investments Group Ltd. raised its holdings in Excelerate Energy by 3.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 450,065 shares of the company’s stock worth $13,196,000 after buying an additional 14,117 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Excelerate Energy by 27.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock worth $12,698,000 after buying an additional 95,565 shares during the period. 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.