Squarepoint Ops LLC Sells 37,906 Shares of Excelerate Energy, Inc. (NYSE:EE)

Squarepoint Ops LLC decreased its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 52.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,827 shares of the company's stock after selling 37,906 shares during the period. Squarepoint Ops LLC's holdings in Excelerate Energy were worth $1,023,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EE. Two Sigma Advisers LP boosted its position in shares of Excelerate Energy by 9.1% during the fourth quarter. Two Sigma Advisers LP now owns 219,700 shares of the company's stock valued at $6,646,000 after buying an additional 18,400 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Excelerate Energy by 0.9% in the fourth quarter. Two Sigma Investments LP now owns 221,162 shares of the company's stock worth $6,690,000 after acquiring an additional 2,035 shares during the period. Tidal Investments LLC purchased a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $447,000. Millennium Management LLC lifted its position in Excelerate Energy by 12.0% during the fourth quarter. Millennium Management LLC now owns 327,534 shares of the company's stock valued at $9,908,000 after purchasing an additional 35,199 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Excelerate Energy by 489.7% during the fourth quarter. Lazard Asset Management LLC now owns 23,572 shares of the company's stock valued at $712,000 after purchasing an additional 19,575 shares during the period. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Stephens restated an "overweight" rating and set a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Wall Street Zen cut shares of Excelerate Energy from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Barclays raised their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Excelerate Energy currently has an average rating of "Hold" and an average price target of $31.17.

Excelerate Energy Trading Down 0.4%

Shares of Excelerate Energy stock traded down $0.13 during trading on Wednesday, hitting $29.66. The stock had a trading volume of 285,433 shares, compared to its average volume of 288,258. Excelerate Energy, Inc. has a 12 month low of $16.75 and a 12 month high of $32.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The firm's fifty day simple moving average is $27.24 and its 200-day simple moving average is $29.11. The stock has a market cap of $3.38 billion, a PE ratio of 29.96, a PEG ratio of 5.82 and a beta of 1.39.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts expect that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be paid a $0.06 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. Excelerate Energy's payout ratio is 16.33%.

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.