Sei Investments Co. Has $2.72 Million Stake in Excelerate Energy, Inc. $EE

Sei Investments Co. raised its stake in Excelerate Energy, Inc. (NYSE:EE) by 39.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,382 shares of the company’s stock after purchasing an additional 23,091 shares during the quarter. Sei Investments Co. owned 0.07% of Excelerate Energy worth $2,720,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Arax Advisory Partners boosted its position in shares of Excelerate Energy by 791.9% during the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after buying an additional 784 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Excelerate Energy in the 4th quarter valued at $33,000. Essex Investment Management Co. LLC bought a new position in Excelerate Energy during the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC bought a new position in Excelerate Energy during the 4th quarter valued at $56,000. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 acquiring an additional 1,186 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 7.6%

Shares of EE stock opened at $34.97 on Friday. The company has a 50 day moving average of $36.73 and a 200-day moving average of $36.20. The company has a quick ratio of 2.60, a current ratio of 1.80 and a debt-to-equity ratio of 0.52. Excelerate Energy, Inc. has a 12-month low of $21.28 and a 12-month high of $43.17. The firm has a market cap of $3.98 billion, a P/E ratio of 24.12, a PEG ratio of 1.38 and a beta of 1.22.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. The company had revenue of $329.27 million for the quarter, compared to analysts’ expectations of $344.27 million. During the same quarter in the previous year, the firm posted $0.34 EPS. Excelerate Energy’s revenue was up 60.9% on a year-over-year basis. Sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.52 earnings per share for the current year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, August 19th. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. Excelerate Energy’s dividend payout ratio is presently 26.02%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Zacks Research upgraded shares of Excelerate Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $42.00 price target on shares of Excelerate Energy in a report on Friday, May 8th. Wells Fargo & Company reduced their price objective on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Northland Securities set a $48.00 price objective on shares of Excelerate Energy in a research note on Friday, May 15th. Finally, Stephens reissued an “overweight” rating and set a $45.00 target price on shares of Excelerate Energy in a research report on Thursday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Excelerate Energy presently has an average rating of “Moderate Buy” and a consensus target price of $40.73.

About Excelerate Energy

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.