Excelerate Energy, Inc. (NYSE:EE) Announces Quarterly Dividend of $0.08
by Amy Steele · The Cerbat GemExcelerate Energy, Inc. (NYSE:EE – Get Free Report) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.08 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th.
Excelerate Energy has a dividend payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Excelerate Energy to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.3%.
Excelerate Energy Price Performance
Excelerate Energy stock traded down $0.79 during mid-day trading on Friday, reaching $34.11. The company had a trading volume of 6,226 shares, compared to its average volume of 446,997. Excelerate Energy has a fifty-two week low of $21.28 and a fifty-two week high of $43.17. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.89 billion, a P/E ratio of 25.89, a P/E/G ratio of 1.11 and a beta of 1.41. The business has a fifty day simple moving average of $35.36 and a 200 day simple moving average of $32.02.
Excelerate Energy (NYSE:EE – Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The business had revenue of $317.57 million for the quarter, compared to the consensus estimate of $293.49 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts predict that Excelerate Energy will post 1.66 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have recently commented on EE shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $44.00 price target on shares of Excelerate Energy in a report on Friday, February 6th. Wall Street Zen lowered shares of Excelerate Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Jefferies Financial Group lifted their price target on shares of Excelerate Energy from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Northland Securities set a $50.00 price target on shares of Excelerate Energy in a report on Friday, January 30th. Finally, Wells Fargo & Company lifted their price target on shares of Excelerate Energy from $29.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.
Check Out Our Latest Research Report on Excelerate Energy
Excelerate Energy Company Profile
Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.
Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.