Excelerate Energy, Inc. $EE Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Excelerate Energy, Inc. (NYSE:EE) by 179.7% in the 1st quarter, HoldingsChannel.com reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EE. Copeland Capital Management LLC purchased a new position in Excelerate Energy in the 4th quarter valued at $30,658,000. Wellington Management Group LLP increased its holdings in Excelerate Energy by 24.9% during the 4th quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after acquiring an additional 719,148 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Excelerate Energy by 328.4% during the second quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock worth $13,292,000 after buying an additional 347,521 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of 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 purchasing an additional 239,358 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Excelerate Energy by 430.3% in the 2nd quarter. Marshall Wace LLP now owns 292,150 shares of the company’s stock valued at $8,566,000 after acquiring an additional 237,056 shares during the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Trading Down 0.1%

Shares of NYSE EE traded down $0.02 during mid-day trading on Tuesday, hitting $38.70. 8,300 shares of the company traded hands, compared to its average volume of 428,591. The business 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 price-to-earnings ratio of 31.61, a PEG ratio of 1.38 and a beta of 1.23. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.53. Excelerate Energy, Inc. has a 1 year low of $21.28 and a 1 year high of $43.17.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The business had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. During the same quarter in the prior year, the company earned $0.49 EPS. Excelerate Energy’s revenue for the quarter was up 37.6% on a year-over-year basis. On average, sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.52 earnings per share for the current fiscal year.

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 paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio is currently 26.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EE. Wells Fargo & Company lowered their target price on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Excelerate Energy in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $42.00 price objective on shares of Excelerate Energy in a report on Friday, May 8th. Finally, Zacks Research lowered shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.33.

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.