What is Northland Capmk's Estimate for EE FY2024 Earnings?

Excelerate Energy, Inc. (NYSE:EE - Free Report) - Investment analysts at Northland Capmk cut their FY2024 earnings per share estimates for shares of Excelerate Energy in a report issued on Monday, November 11th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings of $1.18 per share for the year, down from their prior estimate of $1.19. The consensus estimate for Excelerate Energy's current full-year earnings is $1.18 per share. Northland Capmk also issued estimates for Excelerate Energy's Q4 2024 earnings at $0.33 EPS, Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.38 EPS.

Other research analysts have also recently issued reports about the stock. Barclays raised their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an "underweight" rating in a report on Tuesday. Northland Securities increased their price objective on Excelerate Energy from $25.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Stephens boosted their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.57.

Excelerate Energy Price Performance

NYSE EE traded down $1.21 during trading hours on Wednesday, reaching $26.75. The company's stock had a trading volume of 391,454 shares, compared to its average volume of 215,337. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a market cap of $2.86 billion, a PE ratio of 27.02 and a beta of 1.28. The company's 50-day moving average is $22.36 and its two-hundred day moving average is $19.83. Excelerate Energy has a fifty-two week low of $13.38 and a fifty-two week high of $28.60.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm had revenue of $193.42 million during the quarter, compared to analysts' expectations of $194.09 million. During the same quarter last year, the business earned $0.40 earnings per share.

Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EE. Jacobs Levy Equity Management Inc. acquired a new stake in Excelerate Energy in the 1st quarter valued at approximately $2,202,000. Algert Global LLC acquired a new stake in Excelerate Energy during the 2nd quarter worth about $1,915,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Excelerate Energy during the second quarter valued at approximately $1,569,000. Tortoise Capital Advisors L.L.C. boosted its position in shares of Excelerate Energy by 10.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company's stock worth $15,012,000 after buying an additional 74,946 shares during the period. Finally, Marshall Wace LLP grew its stake in Excelerate Energy by 28.2% during the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company's stock valued at $6,241,000 after acquiring an additional 74,491 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.06 per share. This is an increase from Excelerate Energy's previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, November 20th. Excelerate Energy's payout ratio is currently 10.10%.

About Excelerate Energy

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.