Excelerate Energy, Inc. Announces Quarterly Dividend of $0.06 (NYSE:EE)

Excelerate Energy, Inc. (NYSE:EE) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Wednesday, March 12th will be paid a dividend of 0.06 per share on Thursday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.81%.

Excelerate Energy has a payout ratio of 14.5% 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 $0.24 annual dividend with an expected future payout ratio of 17.5%.

Excelerate Energy Price Performance

Shares of NYSE:EE opened at $29.47 on Friday. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.41. 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 business’s 50 day simple moving average is $30.45 and its 200-day simple moving average is $25.85. Excelerate Energy has a 12 month low of $13.39 and a 12 month high of $32.99.

Analyst Ratings Changes

A number of brokerages have issued reports on EE. Morgan Stanley restated an “underweight” rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Barclays upped their price objective 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 lifted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.00.

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.