Insider Selling: Excelerate Energy (NYSE:EE) Insider Sells $240,040.01 in Stock

Excelerate Energy, Inc. (NYSE:EE) insider Hood Alisa Newman sold 6,269 shares of the stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $38.29, for a total value of $240,040.01. Following the transaction, the insider owned 32,827 shares of the company’s stock, valued at approximately $1,256,945.83. This trade represents a 16.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Excelerate Energy Stock Down 0.1%

Shares of EE traded down $0.04 during midday trading on Friday, hitting $38.06. The stock had a trading volume of 415,348 shares, compared to its average volume of 401,843. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 26.07 and a beta of 1.23. The company has a 50 day simple moving average of $35.01 and a two-hundred day simple moving average of $36.13. Excelerate Energy, Inc. has a twelve month low of $25.67 and a twelve month high of $43.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.95 and a quick ratio of 1.80.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $297.21 million during the quarter, compared to analysts’ expectations of $365.99 million. Excelerate Energy had a return on equity of 2.13% and a net margin of 3.47%. Excelerate Energy’s revenue for the quarter was down 24.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, analysts anticipate that Excelerate Energy, Inc. will post 1.62 EPS for the current year.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $0.36 annualized dividend and a yield of 0.9%. Excelerate Energy’s payout ratio is presently 24.66%.

Institutional Trading of Excelerate Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in Excelerate Energy in the third quarter valued at approximately $1,609,000. Knights of Columbus Asset Advisors LLC increased its position in shares of Excelerate Energy by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 68,788 shares of the company’s stock worth $2,210,000 after purchasing an additional 323 shares during the last quarter. Kings Path Partners LLC acquired a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $473,000. Engineers Gate Manager LP bought a new stake in shares of Excelerate Energy during the 2nd quarter worth approximately $927,000. Finally, Nykredit A S bought a new stake in shares of Excelerate Energy during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EE shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $50.00 price target on shares of Excelerate Energy in a research report on Monday, September 21st. Northland Securities set a $45.00 price objective on shares of Excelerate Energy in a report on Wednesday, August 12th. Dnb Carnegie upgraded shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Morgan Stanley set a $41.00 price objective on shares of Excelerate Energy in a research report on Friday, August 7th. Finally, Wells Fargo & Company increased their target price on shares of Excelerate Energy from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $44.20.

Excelerate Energy Company Profile

Excelerate Energy, Inc. is an energy company focused on liquefied natural gas (LNG) infrastructure and delivery. Its services include LNG transportation and supply, floating storage and regasification units (FSRUs), and the development and operation of LNG terminals that connect imported gas to local energy markets. Founded in 2003, the company helped establish the use of FSRUs as a flexible alternative to land-based LNG import terminals. Excelerate serves customers in multiple regions, including Europe, Asia, and South America, supporting countries seeking to diversify gas supplies or expand access to natural gas.