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 six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.50.

Separately, Stephens reiterated an “overweight” rating and issued a $21.00 target price on shares of Excelerate Energy in a research note on Tuesday, July 9th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BOKF NA grew its holdings in Excelerate Energy by 5.8% during the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after acquiring an additional 700 shares during the period. New York State Teachers Retirement System acquired a new stake in Excelerate Energy during the 1st quarter worth $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy during the 1st quarter worth $38,000. Scout Investments Inc. grew its holdings in Excelerate Energy by 1.1% during the 1st quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock worth $4,020,000 after acquiring an additional 2,673 shares during the period. Finally, Tortoise Index Solutions LLC grew its holdings in Excelerate Energy by 12.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 23,608 shares of the company’s stock worth $365,000 after acquiring an additional 2,696 shares during the period. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Up 0.1 %

Shares of EE opened at $19.17 on Wednesday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 18.98 and a beta of 1.31. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.37. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $22.42. The company has a 50-day moving average price of $18.15 and a two-hundred day moving average price of $16.56.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Excelerate Energy had a net margin of 2.60% and a return on equity of 1.66%. The company had revenue of $200.11 million during the quarter, compared to analysts’ expectations of $255.26 million. Equities analysts predict that Excelerate Energy will post 1.28 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Wednesday, May 22nd were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.52%. The ex-dividend date was Tuesday, May 21st. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.90%.

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.