Excelerate Energy (NYSE:EE) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Excelerate Energy (NYSE:EE) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other analysts have also commented on EE. Northland Securities set a $48.00 price target on Excelerate Energy in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a research report on Wednesday, June 24th. Stephens restated an “overweight” rating and issued a $45.00 price objective on shares of Excelerate Energy in a report on Thursday, July 9th. Wall Street Zen raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley cut their target price on shares of Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Excelerate Energy presently has an average rating of “Moderate Buy” and an average target price of $40.64.

Excelerate Energy Trading Down 0.6%

EE opened at $38.49 on Tuesday. Excelerate Energy has a one year low of $21.28 and a one 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. The business has a 50 day simple moving average of $35.64 and a two-hundred day simple moving average of $35.20. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 1.41 and a beta of 1.23.

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

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.32 annualized dividend and a yield of 0.8%. Excelerate Energy’s dividend payout ratio (DPR) is currently 26.02%.

Institutional Trading of Excelerate Energy

A number of hedge funds have recently modified their holdings of the business. UBS Group AG grew its holdings in Excelerate Energy by 79.0% in the fourth quarter. UBS Group AG now owns 416,082 shares of the company’s stock worth $11,671,000 after purchasing an additional 183,664 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Excelerate Energy by 37.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 408,152 shares of the company’s stock worth $10,281,000 after purchasing an additional 110,970 shares in the last quarter. NFJ Investment Group LLC bought a new stake in shares of Excelerate Energy in the 4th quarter worth approximately $2,590,000. Copeland Capital Management LLC purchased a new stake in shares of Excelerate Energy in the 4th quarter worth approximately $30,658,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Excelerate Energy by 130.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 62,018 shares of the company’s stock worth $2,073,000 after buying an additional 35,078 shares during the last quarter. 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.