Excelerate Energy (NYSE:EE) Coverage Initiated by Analysts at Stephens

Stephens started coverage on shares of Excelerate Energy (NYSE:EE) in a research note published on Tuesday, MarketBeat Ratings reports. The firm issued an overweight rating and a $21.00 target price on the stock.

Several other research firms also recently commented on EE. StockNews.com raised shares of Excelerate Energy from a sell rating to a hold rating in a report on Saturday, March 9th. Raymond James dropped their price objective on shares of Excelerate Energy from $26.00 to $24.00 and set an outperform rating on the stock in a report on Friday, January 19th. Morgan Stanley dropped their price objective on shares of Excelerate Energy from $30.00 to $19.00 and set an equal weight rating on the stock in a report on Tuesday, February 13th. Finally, Northland Securities assumed coverage on shares of Excelerate Energy in a report on Monday, February 26th. They set an outperform rating and a $23.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Excelerate Energy presently has an average rating of Moderate Buy and a consensus target price of $22.75.

Excelerate Energy Trading Down 1.7 %

NYSE EE opened at $16.86 on Tuesday. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.38. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $22.42. The firm has a market cap of $1.83 billion, a PE ratio of 16.37 and a beta of 1.41. The company has a 50 day moving average price of $15.67 and a 200 day moving average price of $15.61.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. The company had revenue of $240.06 million for the quarter, compared to analyst estimates of $265.31 million. As a group, sell-side analysts forecast that Excelerate Energy will post 1.1 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, March 12th. Excelerate Energy’s payout ratio is 9.71%.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ranger Investment Management L.P. raised its position in shares of Excelerate Energy by 0.5% in the fourth quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock valued at $24,884,000 after buying an additional 7,815 shares during the last quarter. American Century Companies Inc. increased its position in Excelerate Energy by 0.7% during the third quarter. American Century Companies Inc. now owns 1,101,250 shares of the company’s stock worth $18,765,000 after purchasing an additional 7,922 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in Excelerate Energy by 19.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 312,500 shares of the company’s stock worth $5,325,000 after purchasing an additional 50,000 shares during the last quarter. Covalis Capital LLP increased its position in Excelerate Energy by 5.8% during the third quarter. Covalis Capital LLP now owns 269,674 shares of the company’s stock worth $4,595,000 after purchasing an additional 14,698 shares during the last quarter. Finally, Scout Investments Inc. increased its position in Excelerate Energy by 7.1% during the fourth quarter. Scout Investments Inc. now owns 250,807 shares of the company’s stock worth $3,877,000 after purchasing an additional 16,697 shares during the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

About Excelerate Energy

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.