Excelerate Energy, Inc. (NYSE:EE - Free Report) - Equities researchers at Northland Capmk lowered their FY2024 earnings estimates for Excelerate Energy in a report issued on Monday, January 27th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings per share of $1.14 for the year, down from their prior forecast of $1.18. The consensus estimate for Excelerate Energy's current full-year earnings is $1.22 per share. Northland Capmk also issued estimates for Excelerate Energy's Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.20 EPS.
Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same period in the prior year, the firm earned $0.40 EPS.
A number of other brokerages have also recently commented on EE. Stephens lifted their price objective on Excelerate Energy from $28.00 to $36.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Barclays lifted their target price on Excelerate Energy from $26.00 to $31.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Finally, Northland Securities increased their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $30.33.
Check Out Our Latest Stock Report on Excelerate Energy
Excelerate Energy Price Performance
Shares of EE traded up $0.38 on Wednesday, hitting $30.68. The company's stock had a trading volume of 106,249 shares, compared to its average volume of 212,136. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market capitalization of $3.26 billion, a PE ratio of 30.98, a PEG ratio of 1.93 and a beta of 1.42. The company has a 50 day moving average price of $30.66 and a 200 day moving average price of $24.68. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $32.99.
Excelerate Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, November 20th. This is a boost from Excelerate Energy's previous quarterly dividend of $0.03. Excelerate Energy's dividend payout ratio is currently 24.24%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new stake in Excelerate Energy in the 4th quarter worth approximately $580,000. JPMorgan Chase & Co. grew its position in Excelerate Energy by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock valued at $1,102,000 after purchasing an additional 12,802 shares during the last quarter. PDT Partners LLC increased its position in shares of Excelerate Energy by 85.5% during the third quarter. PDT Partners LLC now owns 46,971 shares of the company's stock valued at $1,034,000 after acquiring an additional 21,645 shares in the last quarter. Barclays PLC increased its holdings in shares of Excelerate Energy by 299.8% in the 3rd quarter. Barclays PLC now owns 26,822 shares of the company's stock worth $591,000 after purchasing an additional 20,113 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Excelerate Energy in the 3rd quarter worth about $214,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.
About Excelerate Energy
(
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.
Featured Articles
Before you consider Excelerate Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Excelerate Energy wasn't on the list.
While Excelerate Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
