Excelerate Energy, Inc. (EE) To Go Ex-Dividend on March 12th

Excelerate Energy, Inc. (NYSE:EE) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders 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 yield of 0.83%. The ex-dividend date is Wednesday, March 12th.

Excelerate Energy has a dividend payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $1.31 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 18.3%.

Excelerate Energy Stock Performance

Shares of EE stock opened at $28.83 on Monday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. Excelerate Energy has a 52 week low of $14.94 and a 52 week high of $32.99. 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 firm has a 50 day moving average of $30.18 and a 200-day moving average of $26.72.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EE shares. Northland Securities raised their price objective on shares of 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 reaffirmed an “underweight” rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Wells Fargo & Company increased their target price on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Finally, Stephens reiterated an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Excelerate Energy currently has a consensus rating of “Hold” and an average price target of $31.17.

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.