Jackson Creek Investment Advisors LLC Takes Position in Excelerate Energy, Inc. (NYSE:EE)

Jackson Creek Investment Advisors LLC purchased a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 48,808 shares of the company's stock, valued at approximately $1,400,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TimesSquare Capital Management LLC boosted its stake in Excelerate Energy by 4.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 478,093 shares of the company's stock valued at $13,712,000 after purchasing an additional 20,095 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Excelerate Energy by 16.2% during the 4th 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 during the period. Renaissance Technologies LLC boosted its stake in Excelerate Energy by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 358,219 shares of the company's stock valued at $10,836,000 after purchasing an additional 44,400 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Excelerate Energy by 94.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company's stock valued at $10,591,000 after purchasing an additional 169,924 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Excelerate Energy by 12.0% in the 4th quarter. Millennium Management LLC now owns 327,534 shares of the company's stock worth $9,908,000 after acquiring an additional 35,199 shares during the period. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Up 2.1%

EE stock traded up $0.55 during trading hours on Friday, hitting $26.30. The company's stock had a trading volume of 13,781 shares, compared to its average volume of 314,169. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $29.07 and a two-hundred day moving average price of $28.82. The company has a market capitalization of $3.00 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 0.91 and a beta of 1.40. Excelerate Energy, Inc. has a 12 month low of $17.54 and a 12 month high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last posted 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 business had revenue of $315.09 million during the quarter, compared to the consensus estimate of $207.87 million. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. Excelerate Energy's quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts expect that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Wednesday, May 21st. Excelerate Energy's dividend payout ratio is 16.33%.

Wall Street Analyst Weigh In

EE has been the subject of a number of research 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 price target for the company. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Finally, Wall Street Zen upgraded shares of Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.

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