Empowered Funds LLC Makes New $1.03 Million Investment in Excelerate Energy, Inc. $EE

Key Points

• Empowered Funds LLC bought 30,765 shares of Excelerate Energy worth approximately $1.03 million, while institutional investors and hedge funds collectively own 21.79% of the company.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $40.73, above the reported $34.97 share price.
• Excelerate Energy exceeded quarterly EPS expectations and reported 60.9% year-over-year revenue growth. The company also raised its quarterly dividend to $0.09 per share, implying a 1.0% annual yield.

Empowered Funds LLC purchased a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,765 shares of the company's stock, valued at approximately $1,028,000.

Other hedge funds also recently modified their holdings of the company. Martingale Asset Management L P raised its position in Excelerate Energy by 0.4% in the fourth quarter. Martingale Asset Management L P now owns 74,192 shares of the company's stock valued at $2,081,000 after purchasing an additional 281 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Excelerate Energy by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 195,532 shares of the company's stock worth $6,535,000 after acquiring an additional 633 shares during the last quarter. Legal & General Group Plc grew its holdings in Excelerate Energy by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 19,317 shares of the company's stock worth $566,000 after acquiring an additional 670 shares during the last quarter. Quantinno Capital Management LP increased its position in Excelerate Energy by 6.7% in the 1st quarter. Quantinno Capital Management LP now owns 11,025 shares of the company's stock valued at $368,000 after acquiring an additional 690 shares during the period. Finally, Arax Advisory Partners increased its position in Excelerate Energy by 791.9% in the 4th quarter. Arax Advisory Partners now owns 883 shares of the company's stock valued at $25,000 after acquiring an additional 784 shares during the period. Institutional investors and hedge funds own 21.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reiterated a "buy" rating and set a $48.00 price target on shares of Excelerate Energy in a report on Friday, July 10th. The Goldman Sachs Group initiated coverage on Excelerate Energy in a report on Wednesday, July 15th. They issued a "buy" rating and a $49.00 price objective for the company. Morgan Stanley set a $41.00 target price on Excelerate Energy in a research report on Friday. Northland Securities set a $48.00 target price on Excelerate Energy in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $42.00 price target on shares of Excelerate Energy in a research report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Excelerate Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.73.

Excelerate Energy Price Performance

EE stock opened at $34.97 on Friday. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.27 and a beta of 1.22. The company has a quick ratio of 2.60, a current ratio of 1.80 and a debt-to-equity ratio of 0.52. Excelerate Energy, Inc. has a 12-month low of $21.28 and a 12-month high of $43.17. The company's fifty day simple moving average is $36.73 and its 200 day simple moving average is $36.20.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%.The firm had revenue of $329.27 million during the quarter, compared to the consensus estimate of $344.27 million. During the same period last year, the business posted $0.34 EPS. The business's revenue was up 60.9% compared to the same quarter last year. On average, analysts expect that Excelerate Energy, Inc. will post 1.54 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 19th. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.08. Excelerate Energy's dividend payout ratio is currently 26.02%.

Excelerate Energy Company 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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