CenterBook Partners LP Invests $381,000 in Excelerate Energy, Inc. (NYSE:EE)

CenterBook Partners LP purchased a new stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 13,285 shares of the company's stock, valued at approximately $381,000.

Other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new position in shares of Excelerate Energy in the 4th quarter worth about $33,000. New York State Teachers Retirement System raised its holdings in Excelerate Energy by 1,467.0% in the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock worth $45,000 after buying an additional 1,467 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after buying an additional 400 shares during the last quarter. 10Elms LLP purchased a new position in Excelerate Energy in the fourth quarter worth about $76,000. Finally, Pictet Asset Management Holding SA purchased a new position in Excelerate Energy in the fourth quarter worth about $174,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EE shares. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Jefferies Financial Group initiated coverage on Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 price target on the stock. Finally, Wall Street Zen cut Excelerate Energy from a "buy" rating to a "hold" rating in a report on Friday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Excelerate Energy presently has an average rating of "Hold" and an average price target of $32.29.

Excelerate Energy Price Performance

EE stock traded up $0.91 during mid-day trading on Friday, reaching $26.66. The company's stock had a trading volume of 522,672 shares, compared to its average volume of 315,619. The stock has a market cap of $3.04 billion, a PE ratio of 18.14, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.31. Excelerate Energy, Inc. has a fifty-two week low of $17.54 and a fifty-two week high of $32.99. The company's 50 day moving average is $29.02 and its two-hundred day moving average is $28.78.

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. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. The firm had revenue of $315.09 million during the quarter, compared to analysts' expectations of $207.87 million. The company's revenue was up 14.8% compared to the same quarter last year. Equities research analysts expect that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. 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.