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

TimesSquare Capital Management LLC increased its position in shares of Excelerate Energy, Inc. (NYSE:EEFree Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 949,723 shares of the company’s stock after buying an additional 25,600 shares during the period. TimesSquare Capital Management LLC owned about 0.83% of Excelerate Energy worth $26,640,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Excelerate Energy during the third quarter valued at about $30,000. Aster Capital Management DIFC Ltd bought a new stake in Excelerate Energy during the third quarter valued at about $38,000. Tower Research Capital LLC TRC boosted its position in Excelerate Energy by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after purchasing an additional 1,186 shares in the last quarter. New York State Teachers Retirement System boosted its position in Excelerate Energy by 32.8% during the third quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock valued at $52,000 after purchasing an additional 514 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Excelerate Energy by 19.2% during the third quarter. PNC Financial Services Group Inc. now owns 2,438 shares of the company’s stock valued at $61,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Insider Activity

In other news, insider Oliver Simpson sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was 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 in the company, valued at $1,766,203.85. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EE shares. Morgan Stanley dropped their price objective on Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen raised Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group raised their price objective on Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $42.00 price objective on shares of Excelerate Energy in a research report on Friday, May 8th. Finally, Wells Fargo & Company dropped their price objective on Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.33.

View Our Latest Stock Report on Excelerate Energy

Excelerate Energy Price Performance

Shares of NYSE EE opened at $35.92 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.60 and a current ratio of 2.60. The company has a market cap of $4.09 billion, a PE ratio of 29.21, a P/E/G ratio of 1.30 and a beta of 1.32. The business has a 50-day simple moving average of $34.29 and a two-hundred day simple moving average of $32.68. Excelerate Energy, Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $43.17.

Excelerate Energy (NYSE:EEGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.Excelerate Energy’s revenue was up 37.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. As a group, equities analysts expect that Excelerate Energy, Inc. will post 1.52 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, May 20th. Excelerate Energy’s dividend payout ratio (DPR) is presently 26.02%.

Excelerate Energy Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Excelerate Energy (NYSE:EE)

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