Excelerate Energy, Inc. (NYSE:EE) Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its position in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 478,093 shares of the company's stock after buying an additional 20,095 shares during the period. TimesSquare Capital Management LLC owned approximately 0.45% of Excelerate Energy worth $13,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EE. Aquatic Capital Management LLC purchased a new stake in Excelerate Energy in the fourth quarter valued at approximately $33,000. New York State Teachers Retirement System boosted 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 buying an additional 1,467 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after buying an additional 400 shares during the last quarter. 10Elms LLP purchased a new stake in Excelerate Energy in the 4th quarter worth approximately $76,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Excelerate Energy in the 4th quarter worth approximately $174,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

Excelerate Energy Price Performance

Shares of EE stock traded up $1.04 during trading hours on Friday, hitting $26.79. 289,153 shares of the company's stock were exchanged, compared to its average volume of 315,264. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.05 billion, a P/E ratio of 18.22, a P/E/G ratio of 0.91 and a beta of 1.40. The firm has a 50 day moving average of $29.07 and a two-hundred day moving average of $28.82. Excelerate Energy, Inc. has a fifty-two week low of $17.54 and a fifty-two week high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. The business had revenue of $315.09 million during the quarter, compared to the consensus estimate of $207.87 million. Excelerate Energy had a return on equity of 2.20% and a net margin of 3.93%. Excelerate Energy's revenue was up 14.8% on a year-over-year basis. Sell-side analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, May 21st. Excelerate Energy's payout ratio is 16.33%.

Analysts Set New Price Targets

Several research firms have commented on EE. Wall Street Zen upgraded Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Jefferies Financial Group began coverage on Excelerate Energy in a research report on Thursday, June 5th. They issued a "buy" rating and a $39.00 price objective on the stock. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Excelerate Energy has an average rating of "Hold" and an average price target of $32.29.

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.