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

TimesSquare Capital Management LLC lifted its position in Excelerate Energy, Inc. (NYSE:EE) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 949,723 shares of the company’s stock after purchasing an additional 25,600 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Excelerate Energy were worth $26,640,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. F m Investments LLC purchased a new position in shares of Excelerate Energy in the fourth quarter worth about $502,000. Comerica Bank purchased a new position in Excelerate Energy during the fourth quarter valued at approximately $149,000. UBS Group AG raised its position in Excelerate Energy by 79.0% during the fourth quarter. UBS Group AG now owns 416,082 shares of the company’s stock valued at $11,671,000 after acquiring an additional 183,664 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Excelerate Energy by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,405,120 shares of the company’s stock valued at $67,464,000 after buying an additional 11,731 shares in the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in shares of Excelerate Energy in the fourth quarter valued at approximately $30,658,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Stock Up 0.6%

Excelerate Energy stock opened at $35.92 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.60. The business has a 50 day simple moving average of $34.29 and a 200-day simple moving average of $32.68. The stock has a market capitalization of $4.09 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.30 and a beta of 1.32. Excelerate Energy, Inc. has a 12 month low of $21.28 and a 12 month high of $43.17.

Excelerate Energy (NYSE:EE) last issued its quarterly 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 firm 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 business’s revenue was up 37.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, analysts anticipate that Excelerate Energy, Inc. will post 1.52 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Excelerate Energy’s payout ratio is currently 26.02%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Northland Securities set a $48.00 price objective on Excelerate Energy in a research report on Friday. Jefferies Financial Group boosted 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. Zacks Research cut Excelerate Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Barclays boosted their price objective on Excelerate Energy from $33.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.33.

Insider Activity

In other news, insider Oliver Simpson sold 6,000 shares of Excelerate Energy stock in a transaction that occurred 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 sale, the insider directly owned 51,719 shares of the company’s stock, valued at $1,766,203.85. The trade was a 10.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.34% of the stock is owned by corporate insiders.

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.