Stephens Reaffirms Overweight Rating for Excelerate Energy (NYSE:EE)

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

Excelerate Energy Trading Up 4.7 %

Shares of NYSE EE opened at $19.24 on Tuesday. Excelerate Energy has a 12-month low of $13.38 and a 12-month high of $22.42. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 19.05 and a beta of 1.31. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $17.94 and its 200 day simple moving average is $16.22.

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. The company had revenue of $200.11 million for the quarter, compared to analysts’ expectations of $255.26 million. Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. Equities research analysts expect that Excelerate Energy will post 1.28 EPS for the current year.

Excelerate Energy Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Walleye Capital LLC bought a new stake in shares of Excelerate Energy during the 3rd quarter worth about $1,451,000. Quest Partners LLC bought a new stake in Excelerate Energy during the fourth quarter worth approximately $409,000. Pacer Advisors Inc. lifted its position in Excelerate Energy by 16.5% in the fourth quarter. Pacer Advisors Inc. now owns 48,576 shares of the company’s stock worth $751,000 after purchasing an additional 6,890 shares during the period. Trexquant Investment LP bought a new position in Excelerate Energy during the 4th quarter valued at $1,153,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Excelerate Energy during the 4th quarter valued at $759,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

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.