Fintel reports that on July 25, 2023, Morgan Stanley reiterated coverage of Excelerate Energy Inc - (NYSE:EE) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 45.58% Upside
As of July 6, 2023, the average one-year price target for Excelerate Energy Inc - is 30.60. The forecasts range from a low of 28.28 to a high of $34.65. The average price target represents an increase of 45.58% from its latest reported closing price of 21.02.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Excelerate Energy Inc - is 1,533MM, a decrease of 26.73%. The projected annual non-GAAP EPS is 1.99.
Excelerate Energy Inc - Declares $0.02 Dividend
On May 9, 2023 the company declared a regular quarterly dividend of $0.02 per share ($0.10 annualized). Shareholders of record as of May 24, 2023 received the payment on June 8, 2023. Previously, the company paid $0.02 per share.
At the current share price of $21.02 / share, the stock's dividend yield is 0.48%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.43%, the lowest has been 0.35%, and the highest has been 0.51%. The standard deviation of yields is 0.05 (n=57).
The current dividend yield is 0.92 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.42. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.94%.
What is the Fund Sentiment?
There are 270 funds or institutions reporting positions in Excelerate Energy Inc -. This is a decrease of 10 owner(s) or 3.57% in the last quarter. Average portfolio weight of all funds dedicated to EE is 0.26%, an increase of 75.85%. Total shares owned by institutions decreased in the last three months by 2.58% to 27,022K shares. 
The put/call ratio of EE is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
George Kaiser Family Foundation holds 7,854K shares representing 29.92% ownership of the company. No change in the last quarter.
Ranger Investment Management holds 1,609K shares representing 6.13% ownership of the company. In it's prior filing, the firm reported owning 1,095K shares, representing an increase of 31.92%. The firm increased its portfolio allocation in EE by 17.21% over the last quarter.
American Century Companies holds 1,067K shares representing 4.06% ownership of the company. In it's prior filing, the firm reported owning 1,061K shares, representing an increase of 0.59%. The firm decreased its portfolio allocation in EE by 14.26% over the last quarter.
TWHIX - Heritage Fund Investor Class holds 910K shares representing 3.47% ownership of the company. No change in the last quarter.
LMR Partners LLP holds 750K shares representing 2.86% ownership of the company. In it's prior filing, the firm reported owning 675K shares, representing an increase of 10.00%. The firm decreased its portfolio allocation in EE by 12.84% over the last quarter.
Additional reading:
- Amendment No. 1 to Sixth Amended and Restated Limited Partnership Agreement of Excelerate Energy Limited Partnership, dated as of May 10, 2023
- Form of Excelerate Energy, Inc. Long-Term Incentive Plan Notice of Grant of Stock Option.
- Form of Excelerate Energy, Inc. Long-Term Incentive Plan Notice of Grant of Award of Restricted Stock Units (Directors 2022).
- Form of Excelerate Energy, Inc. Long-Term Incentive Plan Notice of Grant of Award Restricted Stock Units (Directors 2023).
- Form of Excelerate Energy, Inc. Long-Term Incentive Plan Notice of Grant of Award Restricted Stock Units (Employees 2023).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
