Excelerate Energy, Inc. (NYSE:EE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Excelerate Energy, Inc. (NYSE:EE) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $39.00.

Several equities analysts have recently weighed in on EE shares. Jefferies Financial Group raised their target price on Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Barclays increased their price objective on Excelerate Energy from $33.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $44.00 price objective on shares of Excelerate Energy in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Excelerate Energy in a research note on Monday, December 29th. Finally, Northland Securities set a $50.00 target price on shares of Excelerate Energy in a report on Friday, January 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EE. Arax Advisory Partners grew its position in shares of Excelerate Energy by 791.9% in the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after purchasing an additional 784 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Excelerate Energy during the third quarter worth approximately $30,000. Global Retirement Partners LLC acquired a new position in Excelerate Energy during the fourth quarter worth $33,000. Aster Capital Management DIFC Ltd purchased a new stake in Excelerate Energy in the 3rd quarter valued at $38,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Excelerate Energy in the 4th quarter valued at $41,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Stock Down 5.5%

EE stock opened at $32.98 on Monday. Excelerate Energy has a 52 week low of $21.28 and a 52 week high of $43.17. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $37.05 and a 200-day simple moving average of $30.21. The stock has a market capitalization of $3.76 billion, a P/E ratio of 24.98, a P/E/G ratio of 1.10 and a beta of 1.34.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Excelerate Energy had a net margin of 3.19% and a return on equity of 4.12%. The company had revenue of $317.57 million during the quarter, compared to analysts’ expectations of $293.49 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts forecast that Excelerate Energy will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, March 11th. Excelerate Energy’s dividend payout ratio is currently 24.24%.

Excelerate Energy announced that its board has approved a share buyback plan on Thursday, December 11th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Excelerate Energy Company Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.