SG Americas Securities LLC Purchases 13,681 Shares of Excelerate Energy, Inc. $EE

SG Americas Securities LLC increased its position in shares of Excelerate Energy, Inc. (NYSE:EEFree Report) by 179.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,295 shares of the company’s stock after purchasing an additional 13,681 shares during the period. SG Americas Securities LLC’s holdings in Excelerate Energy were worth $712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in Excelerate Energy in the 4th quarter worth about $1,290,000. Wellington Management Group LLP boosted its position in shares of Excelerate Energy by 24.9% during the fourth quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after buying an additional 719,148 shares during the period. Susquehanna Portfolio Strategies LLC bought a new position in Excelerate Energy in the 4th quarter valued at $1,853,000. Man Group plc purchased a new position in Excelerate Energy in the 4th quarter worth about $661,000. Finally, Boothbay Fund Management LLC raised its stake in shares of Excelerate Energy by 42.0% during the fourth quarter. Boothbay Fund Management LLC now owns 136,026 shares of the company’s stock valued at $3,816,000 after acquiring an additional 40,254 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Price Performance

Shares of NYSE EE traded down $0.02 during mid-day trading on Tuesday, reaching $38.70. The company’s stock had a trading volume of 8,300 shares, compared to its average volume of 428,591. 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 stock has a 50-day moving average of $34.88 and a two-hundred day moving average of $34.54. The stock has a market capitalization of $4.41 billion, a P/E ratio of 31.61, a P/E/G ratio of 1.38 and a beta of 1.23. Excelerate Energy, Inc. has a 1-year low of $21.28 and a 1-year high of $43.17.

Excelerate Energy (NYSE:EEGet Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company 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%.The firm’s revenue was up 37.6% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share. On average, equities research analysts anticipate that Excelerate Energy, Inc. will post 1.52 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were given a $0.08 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Excelerate Energy’s payout ratio is currently 26.02%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Excelerate Energy in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $42.00 price target on shares of Excelerate Energy in a report on Friday, May 8th. Morgan Stanley lowered their target price on shares of Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Northland Securities set a $48.00 price objective on shares of Excelerate Energy in a research note on Friday, May 15th. Finally, Zacks Research downgraded shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.33.

View Our Latest Stock Analysis on EE

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.

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

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