Teacher Retirement System of Texas Sells 30,064 Shares of Excelerate Energy, Inc. (NYSE:EE)

Teacher Retirement System of Texas lessened its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 37.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,541 shares of the company's stock after selling 30,064 shares during the quarter. Teacher Retirement System of Texas' holdings in Excelerate Energy were worth $1,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in Excelerate Energy during the fourth quarter valued at approximately $220,000. New York State Teachers Retirement System raised its position in Excelerate Energy by 1,467.0% during the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock valued at $45,000 after acquiring an additional 1,467 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Excelerate Energy by 4,503.2% in the first quarter. GAMMA Investing LLC now owns 12,935 shares of the company's stock valued at $371,000 after purchasing an additional 12,654 shares during the period. Ritholtz Wealth Management raised its position in shares of Excelerate Energy by 55.1% in the first quarter. Ritholtz Wealth Management now owns 29,752 shares of the company's stock valued at $853,000 after purchasing an additional 10,574 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $418,000. Institutional investors own 21.79% of the company's stock.

Excelerate Energy Stock Down 0.9%

EE opened at $27.05 on Friday. Excelerate Energy, Inc. has a fifty-two week low of $17.54 and a fifty-two week high of $32.99. 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 firm's fifty day moving average price is $29.04 and its two-hundred day moving average price is $28.92. The company has a market capitalization of $3.08 billion, a P/E ratio of 18.40, a P/E/G ratio of 0.92 and a beta of 1.40.

Excelerate Energy (NYSE:EE - Get Free Report) last posted 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. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. The firm had revenue of $315.09 million for the quarter, compared to the consensus estimate of $207.87 million. The business's quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.89%. Excelerate Energy's dividend payout ratio is currently 16.33%.

Analyst Upgrades and Downgrades

EE has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a research report on Thursday, June 5th. They set a "buy" rating and a $39.00 target price on the stock. Finally, Wall Street Zen raised shares of Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Three investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Excelerate Energy presently has a consensus rating of "Hold" and a consensus 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.

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