Excelerate Energy, Inc. (NYSE:EE) Announces Quarterly Dividend of $0.09

Excelerate Energy, Inc. (NYSE:EE) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.09 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a 12.5% increase from Excelerate Energy’s previous quarterly dividend of $0.08.

Excelerate Energy has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Excelerate Energy to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.1%.

Excelerate Energy Stock Performance

Shares of EE opened at $38.27 on Friday. Excelerate Energy has a 12-month low of $21.28 and a 12-month high of $43.17. The stock has a market cap of $4.36 billion, a P/E ratio of 31.11, a PEG ratio of 1.35 and a beta of 1.23. The company has a 50-day moving average of $36.34 and a two-hundred day moving average of $35.98. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.53.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The firm’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 EPS. As a group, research analysts predict that Excelerate Energy will post 1.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Excelerate Energy

Several hedge funds have recently made changes to their positions in EE. Copeland Capital Management LLC acquired a new stake in Excelerate Energy during the fourth quarter worth $30,658,000. Wellington Management Group LLP increased its position in Excelerate Energy by 24.9% in the 4th quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after acquiring an additional 719,148 shares in the last quarter. Qube Research & Technologies Ltd raised its position in Excelerate Energy by 328.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock worth $13,292,000 after purchasing an additional 347,521 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in Excelerate Energy in the first quarter worth about $10,862,000. Finally, Squarepoint Ops LLC grew its position in shares of Excelerate Energy by 219.5% during the 3rd quarter. Squarepoint Ops LLC now owns 348,394 shares of the company’s stock worth $8,776,000 after buying an additional 239,358 shares during the period. Institutional investors own 21.79% of the company’s stock.

About Excelerate Energy

Excelerate Energy (NYSE: EE) is a Houston?based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on?shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.