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

Excelerate Energy, Inc. (NYSE:EE) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $38.3333.

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $42.00 target price on shares of Excelerate Energy in a research note on Friday, May 8th. Northland Securities set a $48.00 target price on shares of Excelerate Energy in a research note on Friday, May 15th. Wells Fargo & Company lowered their target price on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Finally, Barclays lifted their target price on shares of Excelerate Energy from $33.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd.

Excelerate Energy Trading Down 0.4%

Shares of Excelerate Energy stock opened at $32.27 on Friday. The company’s fifty day simple moving average is $34.18 and its 200-day simple moving average is $33.38. The stock has a market capitalization of $3.67 billion, a PE ratio of 26.24, a P/E/G ratio of 1.18 and a beta of 1.27. Excelerate Energy has a 1-year low of $21.28 and a 1-year high of $43.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.60.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $433.44 million for the quarter, compared to analysts’ expectations of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The company’s revenue was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, equities analysts anticipate that Excelerate Energy will post 1.52 earnings per share for the current year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. Excelerate Energy’s payout ratio is 26.02%.

Insider Buying and Selling at Excelerate Energy

In related news, insider Oliver Simpson sold 6,000 shares of Excelerate Energy stock in a transaction on Friday, March 20th. The shares were sold at an average price of $34.15, for a total transaction of $204,900.00. Following the transaction, the insider owned 51,719 shares in the company, valued at approximately $1,766,203.85. The trade was a 10.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.34% of the company’s stock.

Institutional Trading of Excelerate Energy

Hedge funds have recently bought and sold shares of the stock. Arax Advisory Partners lifted its stake in Excelerate Energy by 791.9% in the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after purchasing an additional 784 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Excelerate Energy in the 4th quarter worth $33,000. Aster Capital Management DIFC Ltd purchased a new stake in Excelerate Energy in the 3rd quarter worth $38,000. Essex Investment Management Co. LLC purchased a new stake in Excelerate Energy in the 4th quarter worth $41,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in Excelerate Energy in the 4th quarter worth $56,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

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.