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

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 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 dividend 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 Trading Down 1.0 %

NYSE EE opened at $29.47 on Friday. The stock has a market cap of $3.13 billion, a P/E ratio of 29.77, a PEG ratio of 1.95 and a beta of 1.41. The company’s fifty day simple moving average is $30.45 and its 200-day simple moving average is $25.85. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 52 week low of $13.39 and a 52 week high of $32.99.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EE. Northland Securities lifted 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. Barclays lifted their price objective on Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Morgan Stanley restated an “underweight” rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Finally, Stephens upped their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.00.

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.