Excelerate Energy, Inc. (NYSE:EE) Stock Position Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its position in Excelerate Energy, Inc. (NYSE:EE) by 16.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 435,293 shares of the company’s stock after purchasing an additional 60,691 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Excelerate Energy were worth $13,168,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Corton Capital Inc. acquired a new stake in Excelerate Energy in the fourth quarter worth about $465,000. Centiva Capital LP bought a new stake in shares of Excelerate Energy during the 4th quarter worth about $282,000. BNP Paribas Financial Markets acquired a new stake in shares of Excelerate Energy in the 4th quarter worth approximately $418,000. Voleon Capital Management LP acquired a new stake in shares of Excelerate Energy in the 4th quarter worth approximately $655,000. Finally, PDT Partners LLC increased its stake in shares of Excelerate Energy by 6.3% during the fourth quarter. PDT Partners LLC now owns 49,926 shares of the company’s stock valued at $1,510,000 after acquiring an additional 2,955 shares during the period. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of NYSE:EE opened at $29.87 on Wednesday. The company has a market capitalization of $3.16 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. 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 stock has a fifty day moving average of $27.26 and a 200-day moving average of $28.73. Excelerate Energy, Inc. has a one year low of $16.70 and a one year high of $32.99.

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

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy’s payout ratio is 16.33%.

Analyst Upgrades and Downgrades

EE has been the topic of several recent analyst reports. Morgan Stanley reissued an “underweight” rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Stephens reiterated an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays upped their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a report on Friday, March 28th. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.17.

Excelerate Energy Profile

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.