Tudor Investment Corp ET AL Has $4.06 Million Stock Holdings in Excelerate Energy, Inc. $EE

Key Points

• Tudor Investment Corp ET AL reduced its stake in Excelerate Energy by 38.0% to 161,330 shares, worth about $4.06 million and representing 0.14% of the company.
• Brokerages have lifted targets and ratings recently, leaving Excelerate with an average price target of $39 and a consensus rating of "Moderate Buy" after several upgrades (including a Raymond James "strong‑buy").
• Excelerate initiated a $75.0 million share buyback (up to 2.4% of outstanding shares) and pays a quarterly dividend of $0.08 (annualized $0.32, ~0.9% yield).

Tudor Investment Corp ET AL decreased its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 38.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,330 shares of the company's stock after selling 98,972 shares during the period. Tudor Investment Corp ET AL owned 0.14% of Excelerate Energy worth $4,064,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EE. PNC Financial Services Group Inc. boosted its position in Excelerate Energy by 19.2% during the third quarter. PNC Financial Services Group Inc. now owns 2,438 shares of the company's stock valued at $61,000 after purchasing an additional 392 shares during the last quarter. Bailard Inc. increased its position in shares of Excelerate Energy by 1.6% during the 3rd quarter. Bailard Inc. now owns 25,500 shares of the company's stock worth $642,000 after purchasing an additional 400 shares during the last quarter. Summit Global Investments raised its stake in shares of Excelerate Energy by 3.2% during the 3rd quarter. Summit Global Investments now owns 12,973 shares of the company's stock worth $327,000 after purchasing an additional 406 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Excelerate Energy by 32.8% in the 3rd quarter. New York State Teachers Retirement System now owns 2,081 shares of the company's stock valued at $52,000 after buying an additional 514 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Excelerate Energy by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 19,317 shares of the company's stock valued at $566,000 after buying an additional 670 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EE. Morgan Stanley boosted their target price on shares of Excelerate Energy from $30.00 to $40.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 24th. Barclays lifted their price objective on shares of Excelerate Energy from $33.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, March 2nd. Wells Fargo & Company upped their target price on shares of Excelerate Energy from $29.00 to $39.00 and gave the company an "equal weight" rating in a report on Friday, February 27th. Jefferies Financial Group raised their target price on shares of Excelerate Energy from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial upgraded Excelerate Energy from an "outperform" rating to a "strong-buy" rating and set a $36.00 price target for the company in a report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Excelerate Energy currently has an average rating of "Moderate Buy" and an average target price of $39.00.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock opened at $34.73 on Friday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.41. Excelerate Energy, Inc. has a twelve month low of $21.28 and a twelve month high of $43.17. The company has a 50-day simple moving average of $36.91 and a two-hundred day simple moving average of $31.16.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The business had revenue of $317.57 million for the quarter, compared to the consensus estimate of $293.49 million. During the same period in the prior year, the business posted $0.40 earnings per share. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. Analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, March 11th. Excelerate Energy's dividend payout ratio (DPR) is 24.24%.

Excelerate Energy announced that its Board of Directors has initiated a share repurchase program on Thursday, December 11th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Oliver Simpson sold 6,000 shares of the company's stock in a transaction on Friday, March 20th. The stock was sold at an average price of $34.15, for a total transaction of $204,900.00. Following the completion of the sale, the insider directly owned 51,719 shares in the company, valued at approximately $1,766,203.85. This represents a 10.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.83% of the stock is owned by corporate insiders.

Excelerate Energy Company Profile

Excelerate Energy NYSE: EE is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy's integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.

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