UBS Group AG grew its holdings in Excelerate Energy, Inc. (NYSE:EE – Free Report) by 79.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 416,082 shares of the company’s stock after acquiring an additional 183,664 shares during the quarter. UBS Group AG’s holdings in Excelerate Energy were worth $11,671,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in EE. AQR Capital Management LLC raised its holdings in shares of Excelerate Energy by 91.7% in the first quarter. AQR Capital Management LLC now owns 18,117 shares of the company’s stock valued at $520,000 after buying an additional 8,665 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Excelerate Energy by 26.8% in the first quarter. Millennium Management LLC now owns 415,206 shares of the company’s stock valued at $11,908,000 after buying an additional 87,672 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Excelerate Energy by 27.5% in the first quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock valued at $12,698,000 after buying an additional 95,565 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Excelerate Energy by 133.9% in the first quarter. Jane Street Group LLC now owns 63,505 shares of the company’s stock valued at $1,821,000 after buying an additional 36,354 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Excelerate Energy by 3.6% in the second quarter. Legal & General Group Plc now owns 19,317 shares of the company’s stock valued at $566,000 after buying an additional 670 shares during the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Excelerate Energy
In other Excelerate Energy news, insider Oliver Simpson sold 6,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $34.15, for a total value of $204,900.00. Following the completion of the transaction, the insider directly owned 51,719 shares of the company’s stock, valued at approximately $1,766,203.85. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.83% of the company’s stock.
Excelerate Energy Trading Down 1.3%
Excelerate Energy (NYSE:EE – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $433.44 million for the quarter, compared to analysts’ expectations of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The company’s revenue for the quarter was up 37.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. Equities research analysts expect that Excelerate Energy, Inc. will post 1.57 EPS for the current year.
Excelerate Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Excelerate Energy’s dividend payout ratio is currently 26.02%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on EE shares. Northland Securities set a $48.00 target price on shares of Excelerate Energy in a report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $42.00 target price on shares of Excelerate Energy in a report on Friday, May 8th. Morgan Stanley cut their price target on shares of Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Barclays increased their price target on shares of Excelerate Energy from $33.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Finally, Dnb Carnegie cut shares of Excelerate Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.33.
Get Our Latest Analysis on Excelerate Energy
Excelerate Energy Company Profile
Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.
Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.
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