Excelerate Energy, Inc. (NYSE:EE) Stock to Pay Quarterly Dividend of $0.09

Excelerate Energy, Inc. (NYSE:EE) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.09 per share on Thursday, December 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, November 18th.

Excelerate Energy has a dividend payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Excelerate Energy to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 18.1%.

Excelerate Energy Price Performance

Shares of EE opened at $35.06 on Friday. The company has a market capitalization of $3.98 billion, a P/E ratio of 22.95 and a beta of 1.25. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $35.68 and a 200 day moving average of $35.98. Excelerate Energy has a twelve month low of $24.90 and a twelve month high of $43.17.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%. The business had revenue of $329.27 million for the quarter, compared to analysts’ expectations of $344.27 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 60.9% on a year-over-year basis. As a group, equities research analysts anticipate that Excelerate Energy will post 1.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kings Path Partners LLC bought a new stake in shares of Excelerate Energy in the third quarter worth about $473,000. Engineers Gate Manager LP purchased a new stake in shares of Excelerate Energy in the second quarter valued at $927,000. Nykredit A S bought a new position in Excelerate Energy during the 2nd quarter valued at about $70,000. AXQ Capital LP bought a new position in Excelerate Energy during the 2nd quarter valued at about $240,000. Finally, Wellington Management Group LLP grew its holdings in Excelerate Energy by 26.8% during the 2nd quarter. Wellington Management Group LLP now owns 3,339,759 shares of the company’s stock valued at $126,877,000 after purchasing an additional 705,587 shares during the last quarter. 21.79% of the stock is owned by institutional investors.

About Excelerate Energy

Excelerate Energy, Inc is a U.S.-based energy infrastructure company that provides liquefied natural gas (LNG) delivery and regasification services. The company specializes in floating storage and regasification units (FSRUs), which receive, store and convert LNG back into natural gas for delivery to onshore or offshore pipeline systems.

Excelerate offers integrated LNG solutions that can include vessel ownership and operation, terminal and regasification services, LNG supply, logistics and project development.