Ranger Investment Management L.P. decreased its stake in shares of Excelerate Energy, Inc. (NYSE:EE – Free Report) by 26.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 897,041 shares of the company’s stock after selling 323,565 shares during the quarter. Excelerate Energy comprises 2.2% of Ranger Investment Management L.P.’s portfolio, making the stock its 8th largest position. Ranger Investment Management L.P.’s holdings in Excelerate Energy were worth $29,979,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Arax Advisory Partners boosted its holdings in shares of Excelerate Energy by 791.9% in the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after purchasing an additional 784 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth $33,000. Essex Investment Management Co. LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth $41,000. Tower Research Capital LLC TRC increased its holdings in shares of Excelerate Energy by 157.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after buying an additional 1,186 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of Excelerate Energy in the 4th quarter worth $56,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.
Excelerate Energy Price Performance
Excelerate Energy stock opened at $37.29 on Wednesday. The firm has a fifty day moving average of $36.25 and a 200-day moving average of $35.87. Excelerate Energy, Inc. has a 52-week low of $21.28 and a 52-week high of $43.17. 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 firm has a market capitalization of $4.25 billion, a P/E ratio of 30.32, a PEG ratio of 1.37 and a beta of 1.23.
Excelerate Energy Announces Dividend
The business also recently disclosed 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 of this dividend was Wednesday, May 20th. This represents a $0.32 annualized dividend and a yield of 0.9%. Excelerate Energy’s dividend payout ratio (DPR) is 26.02%.
Analyst Ratings Changes
EE has been the topic of a number of research analyst reports. Stephens reiterated an “overweight” rating and issued a $45.00 target price on shares of Excelerate Energy in a report on Thursday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a research note on Wednesday, June 24th. Northland Securities set a $48.00 price objective on Excelerate Energy in a report on Friday, May 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Excelerate Energy in a research note on Friday, July 10th. Finally, Wells Fargo & Company decreased their target price on Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.64.
View Our Latest Analysis on EE
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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