TimesSquare Capital Management LLC Acquires 20,095 Shares of Excelerate Energy, Inc. (NYSE:EE)

TimesSquare Capital Management LLC grew its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,093 shares of the company's stock after purchasing an additional 20,095 shares during the period. TimesSquare Capital Management LLC owned about 0.45% of Excelerate Energy worth $13,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP bought a new stake in shares of Excelerate Energy in the fourth quarter worth $5,921,000. Raymond James Financial Inc. bought a new stake in shares of Excelerate Energy in the fourth quarter worth $5,510,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of 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 acquiring an additional 169,924 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of 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% in the fourth quarter. Tudor Investment Corp ET AL now owns 171,618 shares of the company's stock worth $5,191,000 after acquiring an additional 88,042 shares during the period. Institutional investors own 21.79% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on EE. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Jefferies Financial Group initiated coverage on 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 upgraded Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, Excelerate Energy has a consensus rating of "Hold" and a consensus price target of $32.29.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock opened at $26.72 on Tuesday. The stock's 50-day simple moving average is $29.06 and its 200-day simple moving average is $28.88. Excelerate Energy, Inc. has a 52 week low of $17.54 and a 52 week high of $32.99. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 0.92 and a beta of 1.40. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.31.

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

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. 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.

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