Pacer Advisors Inc. Increases Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Pacer Advisors Inc. raised its position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 32.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,570 shares of the company's stock after acquiring an additional 15,288 shares during the period. Pacer Advisors Inc. owned approximately 0.06% of Excelerate Energy worth $1,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EE. Aquatic Capital Management LLC bought a new position in shares of Excelerate Energy in the fourth quarter worth about $33,000. New York State Teachers Retirement System raised its position 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 valued at $45,000 after purchasing an additional 1,467 shares during the last quarter. 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 worth $54,000 after purchasing an additional 400 shares during the last quarter. 10Elms LLP acquired a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $76,000. Finally, Pictet Asset Management Holding SA bought a new position in Excelerate Energy in the 4th quarter valued at approximately $174,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Excelerate Energy Stock Performance

Shares of EE traded down $0.11 on Friday, reaching $25.55. 661,462 shares of the company's stock traded hands, compared to its average volume of 452,644. The stock's 50 day simple moving average is $28.16 and its two-hundred day simple moving average is $28.41. The stock has a market cap of $2.91 billion, a PE ratio of 17.38 and a beta of 1.38. Excelerate Energy, Inc. has a 52-week low of $17.54 and a 52-week high of $32.99. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.31.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share 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 the consensus estimate 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 for the quarter was up 14.8% compared to the same quarter last year. On average, analysts forecast 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 will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.3%. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.06. Excelerate Energy's dividend payout ratio is 16.33%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EE. Wall Street Zen raised Excelerate Energy from a "hold" rating to a "buy" rating in a research note on Saturday. Jefferies Financial Group began coverage on shares of Excelerate Energy in a research report on Thursday, June 5th. They set a "buy" rating and a $39.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, Excelerate Energy currently has a consensus rating of "Hold" and an average 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.