GAMMA Investing LLC raised its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 4,503.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Excelerate Energy in the fourth quarter valued at approximately $27,000. Aquatic Capital Management LLC bought a new stake in Excelerate Energy in the 4th quarter valued at about $33,000. Summit Investment Advisors Inc. lifted its position in Excelerate Energy by 28.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after purchasing an additional 400 shares during the last quarter. 10Elms LLP bought a new stake in Excelerate Energy in the 4th quarter valued at about $76,000. Finally, Pictet Asset Management Holding SA bought a new stake in Excelerate Energy in the 4th quarter valued at about $174,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Barclays lifted 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. Stephens reiterated an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Wall Street Zen upgraded shares of Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a research report on Thursday, June 5th. They set a "buy" rating and a $39.00 price target on the stock. Three 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.29.
Check Out Our Latest Stock Analysis on EE
Excelerate Energy Price Performance
Shares of EE traded down $0.25 during mid-day trading on Friday, hitting $29.28. The company's stock had a trading volume of 455,935 shares, compared to its average volume of 295,843. The firm has a 50-day moving average price of $28.35 and a 200 day moving average price of $29.13. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.34 and a quick ratio of 3.34. Excelerate Energy, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $32.99.
Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 3.93% and a return on equity of 2.20%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. On average, research analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.
Excelerate Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, May 21st. Excelerate Energy's dividend payout ratio (DPR) is currently 16.33%.
About Excelerate Energy
(
Free Report)
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.
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