Deutsche Bank AG Has $1.98 Million Stock Position in Excelerate Energy, Inc. $EE

Key Points

• Deutsche Bank AG significantly increased its stake in Excelerate Energy, raising ownership by 254.4% to a total of approximately 69,003 shares valued at $1,979,000.
• Excelerate Energy recently announced a quarterly dividend increase to $0.08, compared to the previous $0.06, representing an annual yield of 1.3%.
• The company's latest earnings report revealed an EPS of $0.34, beating analysts' expectations, though quarterly revenue fell short at $204.60 million against a forecast of $259.82 million.

Deutsche Bank AG raised its position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 254.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,003 shares of the company's stock after purchasing an additional 49,531 shares during the period. Deutsche Bank AG owned approximately 0.07% of Excelerate Energy worth $1,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Aquatic Capital Management LLC bought a new position in Excelerate Energy in the 4th quarter valued at $33,000. New York State Teachers Retirement System boosted its stake in shares of Excelerate Energy by 1,467.0% during the 1st quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock worth $45,000 after purchasing an additional 1,467 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Excelerate Energy by 28.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after purchasing an additional 400 shares in the last quarter. 10Elms LLP purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at $76,000. Finally, Mariner LLC purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at $200,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Stock Performance

NYSE EE traded up $0.32 on Tuesday, reaching $24.64. 186,674 shares of the company's stock traded hands, compared to its average volume of 416,139. Excelerate Energy, Inc. has a fifty-two week low of $17.70 and a fifty-two week high of $32.99. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 17.99 and a beta of 1.38. 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 50 day moving average price of $26.29 and a 200-day moving average price of $27.62.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $259.82 million. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. Excelerate Energy's quarterly revenue was up 11.6% on a year-over-year basis. Equities research analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.08 per share. This is a boost from Excelerate Energy's previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. Excelerate Energy's payout ratio is presently 23.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EE shares. Citigroup restated an "outperform" rating on shares of Excelerate Energy in a research report on Wednesday, August 13th. Wells Fargo & Company set a $26.00 price objective on shares of Excelerate Energy in a research report on Monday, August 11th. Jefferies Financial Group began coverage on Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 target price for the company. Finally, Wall Street Zen raised shares of Excelerate Energy from a "sell" rating to a "hold" rating in a report on Sunday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $32.86.

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.