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

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EE. TimesSquare Capital Management LLC acquired a new position in Excelerate Energy during the 4th quarter worth approximately $13,854,000. Renaissance Technologies LLC lifted its position in Excelerate Energy by 14.1% in the 4th quarter. Renaissance Technologies LLC now owns 358,219 shares of the company's stock worth $10,836,000 after buying an additional 44,400 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Excelerate Energy by 10.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 261,110 shares of the company's stock valued at $7,898,000 after buying an additional 25,649 shares during the last quarter. Wellington Management Group LLP bought a new position in Excelerate Energy in the 4th quarter worth $5,921,000. Finally, Raymond James Financial Inc. bought a new position in shares of Excelerate Energy in the 4th quarter worth about $5,510,000. 21.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EE. Morgan Stanley reissued an "underweight" rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Wall Street Zen downgraded shares of Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays raised their target price on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Finally, Stephens restated an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Stock Performance

EE stock traded up $0.08 during mid-day trading on Friday, reaching $28.79. 13,836 shares of the stock traded hands, compared to its average volume of 287,121. The business has a 50-day moving average of $27.32 and a two-hundred day moving average of $29.06. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy, Inc. has a 52 week low of $16.75 and a 52 week high of $32.99. The firm has a market capitalization of $3.28 billion, a PE ratio of 29.08, a P/E/G ratio of 5.82 and a beta of 1.39.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating 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 return on equity of 1.39% and a net margin of 3.14%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

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

Excelerate Energy 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.