Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 37.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,541 shares of the company's stock after selling 30,064 shares during the period. Teacher Retirement System of Texas' holdings in Excelerate Energy were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

EE has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Excelerate Energy from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 price objective on the stock. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Three research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $32.29.

Excelerate Energy Stock Performance

NYSE:EE traded down $0.27 during mid-day trading on Wednesday, hitting $26.32. The company's stock had a trading volume of 389,294 shares, compared to its average volume of 314,899. Excelerate Energy, Inc. has a 1 year low of $17.54 and a 1 year 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 stock has a market cap of $3.00 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.93 and a beta of 1.40. The business's fifty day moving average is $29.08 and its two-hundred day moving average is $28.87.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly 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 company had revenue of $315.09 million for the quarter, compared to analyst estimates of $207.87 million. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. Excelerate Energy's revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were given a $0.06 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. Excelerate Energy's dividend payout ratio (DPR) is currently 16.33%.

About Excelerate Energy

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.