Excelerate Energy (NYSE:EE) Receives New Coverage from Analysts at Stephens

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

A number of other research firms have also recently weighed in on EE. Raymond James decreased their price target on Excelerate Energy from $26.00 to $24.00 and set an outperform rating for the company in a report on Friday, January 19th. StockNews.com upgraded Excelerate Energy from a sell rating to a hold rating in a report on Saturday, March 9th. Morgan Stanley decreased their price target on Excelerate Energy from $30.00 to $19.00 and set an equal weight rating for the company in a report on Tuesday, February 13th. Finally, Northland Securities initiated coverage on Excelerate Energy in a research note on Monday, February 26th. They set an outperform rating and a $23.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Excelerate Energy presently has an average rating of Moderate Buy and a consensus target price of $22.75.

Excelerate Energy Stock Up 1.0 %

Shares of NYSE:EE opened at $17.40 on Tuesday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 16.89 and a beta of 1.30. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $22.42. The stock has a 50-day simple moving average of $15.80 and a 200-day simple moving average of $15.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.42 and a current ratio of 3.43.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $240.06 million during the quarter, compared to analysts’ expectations of $265.31 million. Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. Equities analysts forecast that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, March 12th. Excelerate Energy’s dividend payout ratio is currently 9.71%.

Institutional Investors Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently made changes to their positions in EE. Walleye Capital LLC acquired a new stake in shares of Excelerate Energy during the 3rd quarter valued at approximately $1,451,000. Trexquant Investment LP acquired a new stake in shares of Excelerate Energy during the 4th quarter valued at approximately $1,153,000. Adage Capital Partners GP L.L.C. raised its position in shares of Excelerate Energy by 19.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 312,500 shares of the company’s stock valued at $5,325,000 after acquiring an additional 50,000 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Excelerate Energy during the 4th quarter valued at approximately $759,000. Finally, Viking Fund Management LLC raised its position in shares of Excelerate Energy by 40.0% during the 1st quarter. Viking Fund Management LLC now owns 140,000 shares of the company’s stock valued at $2,243,000 after acquiring an additional 40,000 shares in the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

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.