Excelerate Energy (NYSE:EE) Receives “Overweight” Rating from Stephens

Stephens restated their overweight rating on shares of Excelerate Energy (NYSE:EE) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $21.00 price objective on the stock.

Several other research firms also recently commented on EE. Northland Securities upped their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an outperform rating in a research note on Monday, August 12th. Wells Fargo & Company downgraded shares of Excelerate Energy from an equal weight rating to an underweight rating and cut their price objective for the stock from $20.00 to $19.00 in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Excelerate Energy currently has a consensus rating of Hold and an average price target of $22.00.

Excelerate Energy Stock Down 0.4 %

Shares of NYSE EE opened at $23.04 on Friday. The business has a 50-day moving average price of $19.78 and a 200 day moving average price of $18.29. The stock has a market cap of $2.47 billion, a PE ratio of 22.81 and a beta of 1.32. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $23.58.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. The business had revenue of $183.33 million for the quarter, compared to analysts’ expectations of $259.14 million. During the same quarter last year, the business posted $0.23 earnings per share. Equities research analysts forecast that Excelerate Energy will post 1.14 earnings per share for the current year.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a $0.025 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.43%. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.90%.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new stake in shares of Excelerate Energy in the second quarter valued at about $26,000. New York State Teachers Retirement System acquired a new stake in Excelerate Energy in the 1st quarter worth about $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy in the 1st quarter worth about $38,000. SG Americas Securities LLC purchased a new stake in Excelerate Energy in the 3rd quarter valued at about $161,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Excelerate Energy during the 1st quarter valued at about $118,000. 21.79% of the stock is owned by institutional investors and hedge funds.

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.