Centiva Capital LP Invests $282,000 in Excelerate Energy, Inc. (NYSE:EE)

Centiva Capital LP acquired a new position in Excelerate Energy, Inc. (NYSE:EE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,314 shares of the company’s stock, valued at approximately $282,000.

Several other hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in Excelerate Energy during the 4th quarter valued at approximately $418,000. Voleon Capital Management LP bought a new position in Excelerate Energy in the 4th quarter valued at $655,000. PDT Partners LLC boosted its position in shares of Excelerate Energy by 6.3% in the 4th quarter. PDT Partners LLC now owns 49,926 shares of the company’s stock worth $1,510,000 after purchasing an additional 2,955 shares during the last quarter. Northern Trust Corp lifted its holdings in Excelerate Energy by 6.9% during the fourth quarter. Northern Trust Corp now owns 159,935 shares of the company’s stock worth $4,838,000 after acquiring an additional 10,360 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in Excelerate Energy by 105.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 171,618 shares of the company’s stock worth $5,191,000 after acquiring an additional 88,042 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Price Performance

EE stock opened at $29.19 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The company has a market capitalization of $3.09 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a 52-week low of $16.70 and a 52-week high of $32.99. The business has a 50-day simple moving average of $27.23 and a two-hundred day simple moving average of $28.73.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. The company’s revenue was up 14.8% on a year-over-year basis. Research analysts expect that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy’s dividend payout ratio is currently 16.33%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Morgan Stanley restated an “underweight” rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays boosted their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.17.

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.