Public Employees Retirement System of Ohio Makes New Investment in Excelerate Energy, Inc. $EE

Key Points

• Public Employees Retirement System of Ohio bought 33,333 shares of Excelerate Energy valued at approximately $1.27 million, while institutional investors collectively own 21.79% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $41.80, compared with the stock’s reported price of $39.34.
• Excelerate Energy exceeded quarterly EPS expectations, reporting $0.37 versus the $0.35 consensus estimate, while revenue rose 60.9% year over year. The company also increased its quarterly dividend to $0.09 per share.

Public Employees Retirement System of Ohio bought a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,333 shares of the company's stock, valued at approximately $1,266,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ranger Investment Management L.P. purchased a new stake in shares of Excelerate Energy in the second quarter valued at approximately $34,658,000. Wellington Management Group LLP increased its holdings in Excelerate Energy by 24.9% during the 4th quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company's stock worth $101,181,000 after purchasing an additional 719,148 shares during the period. Copeland Capital Management LLC raised its position in Excelerate Energy by 45.0% during the 1st quarter. Copeland Capital Management LLC now owns 1,584,618 shares of the company's stock valued at $52,958,000 after purchasing an additional 491,653 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Excelerate Energy by 328.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company's stock worth $13,292,000 after buying an additional 347,521 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Excelerate Energy in the 1st quarter worth $10,862,000. Institutional investors own 21.79% of the company's stock.

Wall Street Analyst Weigh In

EE has been the topic of several research reports. Stephens restated an "overweight" rating and set a $45.00 price target on shares of Excelerate Energy in a research note on Thursday, July 9th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $48.00 price objective on shares of Excelerate Energy in a research note on Friday, July 10th. The Goldman Sachs Group began coverage on shares of Excelerate Energy in a research report on Wednesday, July 15th. They set a "buy" rating and a $49.00 target price on the stock. Barclays boosted their price target on shares of Excelerate Energy from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Finally, Northland Securities set a $45.00 price target on shares of Excelerate Energy in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.80.

Excelerate Energy Trading Down 1.7%

Shares of NYSE EE opened at $39.34 on Wednesday. Excelerate Energy, Inc. has a 1-year low of $22.95 and a 1-year high of $43.17. The business has a fifty day moving average price of $38.45 and a 200 day moving average price of $36.34. The stock has a market capitalization of $4.46 billion, a P/E ratio of 27.13 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.80 and a quick ratio of 1.80.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $329.27 million for the quarter, compared to analyst estimates of $344.27 million. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%.The firm's quarterly revenue was up 60.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Equities research analysts expect that Excelerate Energy, Inc. will post 1.57 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were paid a dividend of $0.09 per share. This is a boost from Excelerate Energy's previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Excelerate Energy's dividend payout ratio (DPR) is presently 24.83%.

Excelerate Energy Company Profile

Excelerate Energy NYSE: EE is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy's integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.

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