Hotchkis & Wiley Capital Management LLC Has $6.82 Million Position in Excelerate Energy, Inc. $EE

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 shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,780 shares of the company's stock after buying an additional 15,760 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.22% of Excelerate Energy worth $6,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EE. Aquatic Capital Management LLC bought a new stake in Excelerate Energy in the fourth quarter valued at approximately $33,000. New York State Teachers Retirement System increased its stake 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 valued at $45,000 after purchasing an additional 1,467 shares in the last quarter. 10Elms LLP bought a new stake in Excelerate Energy in the fourth quarter valued at approximately $76,000. Mariner LLC bought a new stake in Excelerate Energy in the fourth quarter valued at approximately $200,000. Finally, MQS Management LLC bought a new stake in Excelerate Energy in the first quarter valued at approximately $224,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Price Performance

EE stock traded down $0.42 during mid-day trading on Friday, hitting $24.39. The stock had a trading volume of 166,898 shares, compared to its average volume of 414,904. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.58. Excelerate Energy, Inc. has a 52 week low of $17.70 and a 52 week high of $32.99. The firm has a market capitalization of $2.78 billion, a P/E ratio of 17.93 and a beta of 1.38. The firm has a fifty day simple moving average of $25.99 and a 200 day simple moving average of $27.53.

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

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.32 annualized dividend and a yield of 1.3%. This is an increase from Excelerate Energy's previous quarterly dividend of $0.06. Excelerate Energy's payout ratio is 23.53%.

Analyst Ratings Changes

EE has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They issued a "buy" rating and a $39.00 target price for the company. Citigroup reaffirmed an "outperform" rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Wells Fargo & Company set a $26.00 target price on shares of Excelerate Energy in a research note on Monday, August 11th. Finally, Wall Street Zen raised shares of Excelerate Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 24th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $32.86.

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.