TimesSquare Capital Management LLC Increases Stake in Excelerate Energy, Inc. $EE

TimesSquare Capital Management LLC lifted its stake in Excelerate Energy, Inc. (NYSE:EE) by 49.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 716,352 shares of the company’s stock after buying an additional 238,259 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.63% of Excelerate Energy worth $21,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in Excelerate Energy by 1.5% in the 1st quarter. Rhumbline Advisers now owns 31,903 shares of the company’s stock worth $915,000 after purchasing an additional 471 shares in the last quarter. Quarry LP lifted its position in shares of Excelerate Energy by 89.6% in the first quarter. Quarry LP now owns 1,997 shares of the company’s stock worth $57,000 after buying an additional 944 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Excelerate Energy in the second quarter worth about $30,000. KLP Kapitalforvaltning AS boosted its stake in Excelerate Energy by 32.9% during the second quarter. KLP Kapitalforvaltning AS now owns 9,300 shares of the company’s stock valued at $273,000 after buying an additional 2,300 shares during the last quarter. Finally, Algert Global LLC grew its holdings in Excelerate Energy by 2.6% during the 1st quarter. Algert Global LLC now owns 96,700 shares of the company’s stock valued at $2,773,000 after buying an additional 2,480 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EE has been the subject of a number of recent research reports. DNB Markets set a $31.00 target price on shares of Excelerate Energy in a report on Wednesday, September 10th. Wall Street Zen raised shares of Excelerate Energy from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Wells Fargo & Company set a $26.00 target price on shares of Excelerate Energy in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Excelerate Energy in a report on Wednesday, October 8th. Finally, Citigroup reissued an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Excelerate Energy Price Performance

EE opened at $27.19 on Thursday. Excelerate Energy, Inc. has a 12-month low of $21.28 and a 12-month high of $32.99. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 18.88 and a beta of 1.38. The business’s fifty day simple moving average is $25.75 and its 200-day simple moving average is $26.63.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.13. The business had revenue of $245.16 million for the quarter, compared to analysts’ expectations of $270.82 million. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. The firm’s quarterly revenue was up 102.2% compared to the same quarter last year. On average, equities research analysts anticipate that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Wednesday, November 19th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. Excelerate Energy’s dividend payout ratio is 22.22%.

Excelerate Energy Company 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.