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

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

Excelerate Energy has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 1.0 %

NYSE EE traded down $0.30 on Thursday, hitting $29.47. 157,725 shares of the stock were exchanged, compared to its average volume of 194,146. Excelerate Energy has a fifty-two week low of $13.39 and a fifty-two week high of $32.99. The company has a 50-day moving average price of $30.49 and a 200-day moving average price of $25.82. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.13 billion, a PE ratio of 29.77, a PEG ratio of 1.92 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays increased their target price on Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Northland Securities raised their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Morgan Stanley reissued an “underweight” rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Wells Fargo & Company upped their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, Stephens lifted their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Three equities research 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 data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.