Copeland Capital Management LLC Buys New Stake in Excelerate Energy, Inc. $EE

Key Points

• Copeland Capital Management bought a new stake of 1,092,965 shares in Excelerate Energy (≈$30.66M), representing about 0.96% of the company at quarter-end while institutional investors own 21.79% of the stock.
• Analyst sentiment is overall positive with an average rating of "Moderate Buy" and an average price target of $39.00 (2 Strong Buy, 4 Buy, 5 Hold).
• In the most recent quarter Excelerate reported EPS of $0.29 (missing the $0.30 consensus) but revenue of $317.6M beat expectations and rose 15.6% year-over-year; the company pays a $0.08 quarterly dividend (≈1.0% yield).

Copeland Capital Management LLC bought a new stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,092,965 shares of the company's stock, valued at approximately $30,658,000. Copeland Capital Management LLC owned approximately 0.96% of Excelerate Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue lifted its holdings in shares of Excelerate Energy by 901.4% during the 4th quarter. State of Alaska Department of Revenue now owns 12,047 shares of the company's stock valued at $337,000 after acquiring an additional 10,844 shares in the last quarter. Personal CFO Solutions LLC acquired a new position in shares of Excelerate Energy during the 4th quarter valued at $203,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Excelerate Energy during the 4th quarter valued at $235,000. Exchange Traded Concepts LLC lifted its holdings in shares of Excelerate Energy by 14.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 27,640 shares of the company's stock valued at $775,000 after acquiring an additional 3,498 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Excelerate Energy by 53.1% during the 4th quarter. SG Americas Securities LLC now owns 7,614 shares of the company's stock valued at $214,000 after acquiring an additional 2,641 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company's stock.

Wall Street Analyst Weigh In

EE has been the topic of several recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of Excelerate Energy in a report on Friday, March 27th. Northland Securities set a $50.00 target price on shares of Excelerate Energy in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $44.00 target price on shares of Excelerate Energy in a report on Friday, February 6th. Morgan Stanley dropped their price target on shares of Excelerate Energy from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Dnb Carnegie downgraded shares of Excelerate Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Excelerate Energy presently has an average rating of "Moderate Buy" and an average price target of $39.00.

Insider Buying and Selling at Excelerate Energy

In other news, insider Oliver Simpson sold 6,000 shares of the business's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $34.15, for a total value of $204,900.00. Following the completion of the sale, the insider owned 51,719 shares of the company's stock, valued at approximately $1,766,203.85. The trade was a 10.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.83% of the company's stock.

Excelerate Energy Stock Performance

Excelerate Energy stock opened at $33.36 on Friday. Excelerate Energy, Inc. has a 12-month low of $21.28 and a 12-month high of $43.17. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.43 and a quick ratio of 2.43. The firm's fifty day moving average price is $36.16 and its 200 day moving average price is $31.78.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The firm had revenue of $317.57 million for the quarter, compared to analysts' expectations of $293.49 million. During the same period last year, the firm earned $0.40 EPS. The business's quarterly revenue was up 15.6% on a year-over-year basis. On average, research analysts forecast that Excelerate Energy, Inc. will post 1.66 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 11th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.32 annualized dividend and a yield of 1.0%. Excelerate Energy's payout ratio is 24.24%.

Excelerate Energy Profile

Excelerate Energy NYSE: EE is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy's integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.

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