Excelerate Energy (NYSE:EE) Trading Down 2.7%

Excelerate Energy, Inc. (NYSE:EE) traded down 2.7% during mid-day trading on Tuesday . The stock traded as low as $18.78 and last traded at $18.80. 60,534 shares were traded during trading, a decline of 71% from the average session volume of 211,986 shares. The stock had previously closed at $19.33.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Excelerate Energy from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Stephens restated an “overweight” rating and issued a $21.00 price target on shares of Excelerate Energy in a report on Tuesday, July 9th. Finally, Northland Securities upped their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Excelerate Energy has an average rating of “Moderate Buy” and an average target price of $22.17.

Excelerate Energy Stock Up 0.3 %

The firm has a fifty day moving average price of $18.61 and a 200-day moving average price of $16.95. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 19.26 and a beta of 1.31.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. The business had revenue of $183.33 million for the quarter, compared to analyst estimates of $259.14 million. During the same quarter last year, the business earned $0.23 EPS. As a group, sell-side analysts forecast that Excelerate Energy, Inc. will post 1.28 EPS for the current year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 21st. Excelerate Energy’s payout ratio is currently 9.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in Excelerate Energy in the first quarter valued at $26,000. nVerses Capital LLC purchased a new position in Excelerate Energy in the second quarter valued at about $26,000. Public Employees Retirement System of Ohio purchased a new position in Excelerate Energy in the first quarter valued at about $38,000. SG Americas Securities LLC purchased a new position in Excelerate Energy in the fourth quarter valued at about $108,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Excelerate Energy in the first quarter valued at about $118,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.