Jump Financial LLC Takes $1.17 Million Position in Excelerate Energy, Inc. $EE

Key Points

• Jump Financial LLC has acquired 40,669 shares of Excelerate Energy, Inc. valued at approximately $1.166 million during the first quarter.
• Excelerate Energy announced an increase in its quarterly dividend from $0.06 to $0.08 per share, reflecting positive economic trends for the company.
• Wall Street analysts have varied predictions for Excelerate Energy's stock, with a consensus price target of $32.86 and five analysts rating the stock as a Buy.

Jump Financial LLC bought a new position in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 40,669 shares of the company's stock, valued at approximately $1,166,000.

A number of other hedge funds also recently bought and sold shares of the company. Aquatic Capital Management LLC purchased a new position in Excelerate Energy in the 4th quarter worth approximately $33,000. New York State Teachers Retirement System increased its stake in Excelerate Energy by 1,467.0% in the 1st quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock worth $45,000 after purchasing an additional 1,467 shares during the period. 10Elms LLP purchased a new position in Excelerate Energy in the 4th quarter worth approximately $76,000. Mariner LLC purchased a new position in Excelerate Energy in the 4th quarter worth approximately $200,000. Finally, MQS Management LLC purchased a new position in Excelerate Energy in the 1st quarter worth approximately $224,000. Institutional investors own 21.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EE. Wall Street Zen raised Excelerate Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 24th. Citigroup reaffirmed an "outperform" rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Wells Fargo & Company set a $26.00 price target on Excelerate Energy in a research note on Monday, August 11th. Finally, Jefferies Financial Group initiated coverage on Excelerate Energy in a research note on Thursday, June 5th. They issued a "buy" rating and a $39.00 price target on the stock. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $32.86.

Excelerate Energy Trading Down 2.4%

NYSE:EE traded down $0.59 during trading hours on Tuesday, hitting $23.83. The company had a trading volume of 318,675 shares, compared to its average volume of 415,111. The company has a market capitalization of $2.72 billion, a PE ratio of 17.52 and a beta of 1.38. The stock has a 50-day moving average price of $25.80 and a 200 day moving average price of $27.43. Excelerate Energy, Inc. has a 52 week low of $17.70 and a 52 week high of $32.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 2.60.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $204.60 million for the quarter, compared to analysts' expectations of $259.82 million. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The company's revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities research analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.08 per share. This is a boost from Excelerate Energy's previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, August 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. Excelerate Energy's dividend payout ratio (DPR) is presently 23.53%.

Excelerate Energy Company Profile

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.