GAMMA Investing LLC Acquires 12,654 Shares of Excelerate Energy, Inc. (NYSE:EE)

GAMMA Investing LLC raised its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 4,503.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,935 shares of the company's stock after acquiring an additional 12,654 shares during the period. GAMMA Investing LLC's holdings in Excelerate Energy were worth $371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in Excelerate Energy during the 4th quarter valued at about $27,000. Aquatic Capital Management LLC bought a new position in shares of Excelerate Energy in the fourth quarter worth approximately $33,000. Summit Investment Advisors Inc. grew its holdings in shares of Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after buying an additional 400 shares during the last quarter. 10Elms LLP bought a new stake in shares of Excelerate Energy during the fourth quarter valued at approximately $76,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Excelerate Energy during the fourth quarter valued at approximately $174,000. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Stock Performance

EE traded up $0.07 during trading on Tuesday, hitting $29.14. The company's stock had a trading volume of 340,590 shares, compared to its average volume of 296,427. The business's 50 day simple moving average is $28.40 and its 200-day simple moving average is $29.09. The firm has a market cap of $3.32 billion, a PE ratio of 19.82, a P/E/G ratio of 1.00 and a beta of 1.41. Excelerate Energy, Inc. has a one year low of $17.45 and a one year high of $32.99. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.31.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. The company had revenue of $315.09 million for the quarter, compared to analysts' expectations of $207.87 million. Excelerate Energy had a return on equity of 2.20% and a net margin of 3.93%. Excelerate Energy's quarterly revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.82%. The ex-dividend date was Wednesday, May 21st. Excelerate Energy's dividend payout ratio is currently 16.33%.

Analyst Upgrades and Downgrades

EE has been the topic of a number of research analyst reports. Wall Street Zen raised Excelerate Energy from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Jefferies Financial Group assumed coverage on Excelerate Energy in a research report on Thursday, June 5th. They issued a "buy" rating and a $39.00 target price for the company. Stephens reaffirmed an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Finally, Barclays increased their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.29.

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.