Excelerate Energy, Inc. $EE Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,890 shares of the company's stock after selling 97,238 shares during the period. Jacobs Levy Equity Management Inc. owned 0.24% of Excelerate Energy worth $7,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Excelerate Energy by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 261,110 shares of the company's stock valued at $7,898,000 after acquiring an additional 25,649 shares during the last quarter. Northern Trust Corp increased its position in shares of Excelerate Energy by 6.9% during the fourth quarter. Northern Trust Corp now owns 159,935 shares of the company's stock valued at $4,838,000 after acquiring an additional 10,360 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Excelerate Energy during the fourth quarter valued at about $418,000. Centiva Capital LP acquired a new stake in shares of Excelerate Energy during the fourth quarter valued at about $282,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Excelerate Energy by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company's stock valued at $13,168,000 after purchasing an additional 60,691 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EE has been the subject of a number of research reports. Citigroup restated an "outperform" rating on shares of Excelerate Energy in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Excelerate Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. DNB Markets set a $31.00 target price on shares of Excelerate Energy in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Excelerate Energy in a report on Monday, September 8th. They issued a "neutral" rating and a $30.00 target price on the stock. Finally, Jefferies Financial Group began coverage on shares of Excelerate Energy in a report on Thursday, June 5th. They issued a "buy" rating and a $39.00 target price on the stock. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock traded up $0.18 on Friday, hitting $24.06. The company's stock had a trading volume of 290,825 shares, compared to its average volume of 384,734. Excelerate Energy, Inc. has a 52-week low of $18.69 and a 52-week high of $32.99. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $24.82 and a 200-day moving average price of $27.11. The company has a market capitalization of $2.74 billion, a P/E ratio of 17.69 and a beta of 1.38.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.34 EPS for the quarter, topping 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 business had revenue of $204.60 million for the quarter, compared to analyst estimates of $259.82 million. Excelerate Energy's quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts expect that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 20th were given a $0.08 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. This is a boost from Excelerate Energy's previous quarterly dividend of $0.06. Excelerate Energy's payout ratio is presently 23.53%.

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.