BNP Paribas Financial Markets Takes $418,000 Position in Excelerate Energy, Inc. (NYSE:EE)

BNP Paribas Financial Markets bought a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,821 shares of the company's stock, valued at approximately $418,000.

Several other large investors also recently bought and sold shares of EE. SG Americas Securities LLC boosted its holdings in shares of Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after acquiring an additional 845 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at $283,000. TimesSquare Capital Management LLC purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at $13,854,000. Private Advisor Group LLC purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at $285,000. Finally, Legacy Capital Group California Inc. purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at $414,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

Excelerate Energy Price Performance

NYSE:EE traded down $0.50 during trading hours on Wednesday, reaching $28.76. 200,153 shares of the company were exchanged, compared to its average volume of 287,972. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average is $27.37 and its 200-day moving average is $29.06. The firm has a market cap of $3.28 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a twelve month low of $16.70 and a twelve month high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. The company had revenue of $315.09 million during the quarter, compared to analysts' expectations of $207.87 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, May 21st. Excelerate Energy's dividend payout ratio is presently 16.33%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EE. Morgan Stanley reaffirmed an "underweight" rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Wall Street Zen cut shares of Excelerate Energy from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Stephens reiterated an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Barclays boosted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $31.17.

About Excelerate Energy

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.