Los Angeles Capital Management LLC trimmed its position in shares of Excelerate Energy, Inc. (NYSE:EE – Free Report) by 34.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,028 shares of the company’s stock after selling 26,050 shares during the period. Los Angeles Capital Management LLC’s holdings in Excelerate Energy were worth $1,301,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter worth about $30,658,000. Wellington Management Group LLP boosted its stake in shares of Excelerate Energy by 17.6% in the third quarter. Wellington Management Group LLP now owns 2,888,034 shares of the company’s stock valued at $72,750,000 after purchasing an additional 433,010 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of Excelerate Energy by 328.4% in the second quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock valued at $13,292,000 after purchasing an additional 347,521 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in shares of Excelerate Energy by 77.3% in the third quarter. Kayne Anderson Capital Advisors LP now owns 781,623 shares of the company’s stock valued at $19,689,000 after purchasing an additional 340,747 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Excelerate Energy by 219.5% during the 3rd quarter. Squarepoint Ops LLC now owns 348,394 shares of the company’s stock worth $8,776,000 after buying an additional 239,358 shares during the period. 21.79% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on EE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $42.00 target price on shares of Excelerate Energy in a report on Friday, May 8th. Dnb Carnegie downgraded shares of Excelerate Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Morgan Stanley cut 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 upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.
Insider Activity at Excelerate Energy
In related news, insider Oliver Simpson sold 6,000 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $34.15, for a total value of $204,900.00. Following the transaction, the insider owned 51,719 shares of the company’s stock, valued at $1,766,203.85. This represents a 10.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.34% of the company’s stock.
Excelerate Energy Stock Up 2.0%
Shares of NYSE:EE opened at $32.76 on Thursday. Excelerate Energy, Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $43.17. The firm’s 50 day moving average price is $34.11 and its 200 day moving average price is $33.54. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27.
Excelerate Energy (NYSE:EE – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The firm had revenue of $433.44 million for the quarter, compared to analyst estimates of $351.68 million. During the same quarter last year, the firm earned $0.49 EPS. The company’s revenue was up 37.6% on a year-over-year basis. As a group, equities research analysts predict that Excelerate Energy, Inc. will post 1.52 earnings per share for the current fiscal year.
Excelerate Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, May 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. Excelerate Energy’s payout ratio is presently 26.02%.
Excelerate Energy 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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