Navellier & Associates Inc. Makes New Investment in Excelerate Energy, Inc. (NYSE:EE)

Key Points

• Navellier & Associates Inc. has purchased 15,162 shares of Excelerate Energy, Inc. for approximately $435,000, indicating a new investment in the company.
• Excelerate Energy recently announced a quarterly dividend of $0.06 per share, which reflects an annualized dividend yield of 1.01%.
• A mix of analysts have mixed opinions on the stock, with three analysts assigning sell ratings and four giving buy ratings, resulting in an average rating of "Hold".

Navellier & Associates Inc. bought a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,162 shares of the company's stock, valued at approximately $435,000.

A number of other hedge funds have also recently bought and sold shares of EE. Wellington Management Group LLP acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $5,921,000. Raymond James Financial Inc. purchased a new position in shares of Excelerate Energy in the 4th quarter valued at $5,510,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Excelerate Energy by 94.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company's stock valued at $10,591,000 after acquiring an additional 169,924 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Excelerate Energy in the 4th quarter valued at $2,872,000. Finally, Tudor Investment Corp ET AL raised its stake in shares of Excelerate Energy by 105.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 171,618 shares of the company's stock valued at $5,191,000 after acquiring an additional 88,042 shares during the period. Institutional investors and hedge funds own 21.79% of the company's stock.

Analysts Set New Price Targets

EE has been the topic of a number of research reports. Wall Street Zen downgraded shares of Excelerate Energy from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Jefferies Financial Group assumed coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They set a "buy" rating and a $39.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $32.29.

Excelerate Energy Stock Performance

Shares of NYSE EE traded up $0.49 during trading hours on Wednesday, hitting $25.18. 157,761 shares of the stock were exchanged, compared to its average volume of 395,337. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.34 and a quick ratio of 3.34. The company's 50 day moving average is $28.37 and its 200 day moving average is $28.50. The firm has a market capitalization of $2.87 billion, a P/E ratio of 17.07 and a beta of 1.40. Excelerate Energy, Inc. has a one year low of $17.54 and a one year high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $315.09 million during 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 firm's revenue was up 14.8% on a year-over-year basis. On average, research analysts expect that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 21st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, May 21st. Excelerate Energy's payout ratio is currently 16.33%.

Excelerate Energy Company 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.