Excelerate Energy, Inc. Plans Quarterly Dividend of $0.03 (NYSE:EE)

Excelerate Energy, Inc. (NYSE:EEGet Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Wednesday, May 22nd will be given a dividend of 0.025 per share on Thursday, June 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, May 21st.

Excelerate Energy has a dividend payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Excelerate Energy to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 7.3%.

Excelerate Energy Stock Up 0.1 %

Shares of Excelerate Energy stock opened at $18.65 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.52 and a quick ratio of 3.42. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 18.47 and a beta of 1.30. The firm’s 50-day moving average is $16.56 and its two-hundred day moving average is $15.87. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $22.42.

Excelerate Energy (NYSE:EEGet Free Report) last released its quarterly earnings data 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). The business had revenue of $240.06 million for the quarter, compared to the consensus estimate of $265.31 million. Excelerate Energy had a net margin of 2.60% and a return on equity of 1.66%. As a group, research analysts expect that Excelerate Energy will post 1.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EE. Stephens initiated coverage on Excelerate Energy in a research report on Tuesday, April 30th. They issued an “overweight” rating and a $21.00 price target for the company. Morgan Stanley reduced their target price on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. StockNews.com upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Finally, Northland Securities began coverage on shares of Excelerate Energy in a research report on Monday, February 26th. They issued an “outperform” rating and a $23.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.75.

View Our Latest Research Report on Excelerate Energy

Excelerate Energy Company Profile

(Get Free Report)

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.

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Dividend History for Excelerate Energy (NYSE:EE)

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