Two Sigma Advisers LP Raises Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Two Sigma Advisers LP boosted its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 219,700 shares of the company's stock after buying an additional 18,400 shares during the quarter. Two Sigma Advisers LP owned approximately 0.21% of Excelerate Energy worth $6,646,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Excelerate Energy during the fourth quarter valued at approximately $27,000. Aquatic Capital Management LLC purchased a new position in shares of Excelerate Energy during the 4th quarter worth about $33,000. Summit Investment Advisors Inc. boosted its stake in shares of Excelerate Energy by 28.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after purchasing an additional 400 shares during the period. Pictet Asset Management Holding SA purchased a new position in shares of Excelerate Energy during the 4th quarter worth about $174,000. Finally, Mariner LLC purchased a new position in shares of Excelerate Energy during the 4th quarter worth about $200,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Trading Down 0.2%

NYSE EE traded down $0.07 during trading on Thursday, hitting $28.76. The stock had a trading volume of 36,415 shares, compared to its average volume of 377,744. The company has a market capitalization of $3.28 billion, a PE ratio of 29.05, a PEG ratio of 5.82 and a beta of 1.39. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $27.37 and a 200 day moving average price of $29.06. Excelerate Energy, Inc. has a twelve month low of $16.70 and a twelve month high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The company had revenue of $315.09 million during the quarter, compared to the consensus estimate of $207.87 million. Excelerate Energy's quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts forecast that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy's dividend payout ratio (DPR) is 16.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EE. Barclays lifted their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Stephens reaffirmed an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Morgan Stanley reissued an "underweight" rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Finally, Wall Street Zen downgraded shares of Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $31.17.

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.