Counterpoint Mutual Funds LLC Takes $2.30 Million Position in Excelerate Energy, Inc. $EE

Key Points

• Counterpoint Mutual Funds LLC invested approximately $2.3 million in Excelerate Energy, acquiring 78,454 shares, which now represents 0.2% of its holdings.
• Excelerate Energy reported quarterly earnings of $0.34 per share, exceeding the consensus estimate of $0.32, with revenues of $204.6 million.
• The company recently raised its quarterly dividend to $0.08 per share, reflecting a positive change from the previous $0.06 and implying an annual yield of 1.3%.

Counterpoint Mutual Funds LLC purchased a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 78,454 shares of the company's stock, valued at approximately $2,300,000. Excelerate Energy accounts for about 0.2% of Counterpoint Mutual Funds LLC's holdings, making the stock its 28th biggest holding. Counterpoint Mutual Funds LLC owned about 0.07% of Excelerate Energy at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EE. New York State Teachers Retirement System lifted its holdings in shares of 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 valued at $45,000 after buying an additional 1,467 shares during the period. Quarry LP lifted its holdings in shares of Excelerate Energy by 89.6% in the 1st quarter. Quarry LP now owns 1,997 shares of the company's stock valued at $57,000 after buying an additional 944 shares during the period. MQS Management LLC acquired a new stake in shares of Excelerate Energy in the 1st quarter valued at approximately $224,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Excelerate Energy in the 1st quarter valued at approximately $250,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Excelerate Energy in the 4th quarter valued at approximately $275,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Performance

Excelerate Energy stock opened at $24.02 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a fifty day moving average of $24.40 and a two-hundred day moving average of $26.86. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 17.66 and a beta of 1.38. Excelerate Energy, Inc. has a fifty-two week low of $20.77 and a fifty-two week high of $32.99.

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, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $204.60 million during the quarter, compared to the consensus estimate of $259.82 million. Excelerate Energy had a return on equity of 4.16% and a net margin of 3.64%.The business's revenue was up 11.6% compared to the same quarter last year. On average, analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.3%. Excelerate Energy's dividend payout ratio (DPR) is 23.53%.

Analysts Set New Price Targets

Several research firms recently weighed in on EE. Citigroup reaffirmed an "outperform" rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Jefferies Financial Group began coverage on Excelerate Energy in a research note on Thursday, June 5th. They issued a "buy" rating and a $39.00 price objective for the company. Wall Street Zen raised Excelerate Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 24th. JPMorgan Chase & Co. began coverage on Excelerate Energy in a research note on Monday, September 8th. They issued a "neutral" rating and a $30.00 price objective for the company. Finally, Wells Fargo & Company set a $26.00 price objective on Excelerate Energy in a research note on Monday, August 11th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.50.

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.

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