Excelerate Energy, Inc. $EE Shares Acquired by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Excelerate Energy by 7.1%, bringing its ownership to 237,780 shares valued at approximately $6.82 million.
• Excelerate Energy reported $0.34 earnings per share for the latest quarter, surpassing the consensus estimate of $0.32, with an annual revenue increase of 11.6% compared to the previous year.
• The company announced a dividend increase from $0.06 to $0.08 per share, representing an annualized yield of 1.3% with a current payout ratio of 23.53%.

Hotchkis & Wiley Capital Management LLC increased its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 7.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 237,780 shares of the company's stock after acquiring an additional 15,760 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.22% of Excelerate Energy worth $6,820,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EE. Aquatic Capital Management LLC purchased a new position in Excelerate Energy in the fourth quarter worth approximately $33,000. New York State Teachers Retirement System grew its position 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 acquiring an additional 1,467 shares during the period. 10Elms LLP purchased a new position in Excelerate Energy in the fourth quarter worth approximately $76,000. Mariner LLC acquired a new position in Excelerate Energy during the fourth quarter worth $200,000. Finally, MQS Management LLC purchased a new position in shares of Excelerate Energy during the first quarter worth $224,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Stock Down 1.7%

NYSE EE traded down $0.42 during trading on Friday, reaching $24.39. 277,071 shares of the company's stock were exchanged, compared to its average volume of 535,053. The stock has a market cap of $2.78 billion, a P/E ratio of 17.93 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 company has a 50 day moving average price of $25.89 and a two-hundred day moving average price of $27.48. Excelerate Energy, Inc. has a 1 year low of $17.70 and a 1 year high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 11.6% compared to the same quarter last year. On average, equities research analysts anticipate 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 represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Excelerate Energy's previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, August 20th. Excelerate Energy's payout ratio is presently 23.53%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen upgraded Excelerate Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. Jefferies Financial Group assumed coverage on Excelerate Energy in a research report on Thursday, June 5th. They set a "buy" rating and a $39.00 price target for the company. Citigroup restated an "outperform" rating on shares of Excelerate Energy in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company set a $26.00 price target on Excelerate Energy in a research report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Excelerate Energy currently 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.