Kapitalo Investimentos Ltda Makes New Investment in Excelerate Energy, Inc. $EE

Key Points

• Kapitalo Investimentos Ltda has invested approximately $337,000 in Excelerate Energy, Inc., purchasing 11,485 shares during the 2nd quarter.
• Excelerate Energy recently reported a quarterly earnings of $0.34 per share, exceeding analysts' expectations, and had a revenue growth of 11.6% year-over-year.
• The company has increased its quarterly dividend from $0.06 to $0.08 per share, reflecting a 1.3% yield.

Kapitalo Investimentos Ltda bought a new position in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,485 shares of the company's stock, valued at approximately $337,000.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its holdings 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 worth $45,000 after acquiring an additional 1,467 shares in the last quarter. Quarry LP lifted its holdings in shares of Excelerate Energy by 89.6% during the first quarter. Quarry LP now owns 1,997 shares of the company's stock worth $57,000 after purchasing an additional 944 shares during the period. MQS Management LLC purchased a new stake in shares of Excelerate Energy in the first quarter valued at approximately $224,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Excelerate Energy in the first quarter valued at approximately $250,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Excelerate Energy during the fourth quarter worth approximately $275,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Analysts Set New Price Targets

EE has been the subject of several research reports. Citigroup reiterated an "outperform" rating on shares of Excelerate Energy in a research report on Wednesday, August 13th. Wall Street Zen raised Excelerate Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. 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 price target on the stock. JPMorgan Chase & Co. assumed coverage on Excelerate Energy in a research report on Monday, September 8th. They issued a "neutral" rating and a $30.00 price target on the stock. Finally, DNB Markets set a $31.00 price target on Excelerate Energy in a research report on Wednesday, September 10th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Excelerate Energy Stock Performance

NYSE EE opened at $24.03 on Monday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 17.67 and a beta of 1.38. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. Excelerate Energy, Inc. has a fifty-two week low of $20.28 and a fifty-two week high of $32.99. The business has a fifty day moving average of $24.45 and a 200-day moving average of $26.89.

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

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, August 20th. This is an increase from Excelerate Energy's previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.3%. Excelerate Energy's payout ratio is currently 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.

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