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

Two Sigma Advisers LP grew its position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 9.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 219,700 shares of the company's stock after acquiring an additional 18,400 shares during the quarter. Two Sigma Advisers LP owned about 0.21% of Excelerate Energy worth $6,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Excelerate Energy in the fourth quarter valued at $27,000. Aquatic Capital Management LLC bought a new stake in Excelerate Energy in the fourth quarter worth about $33,000. Summit Investment Advisors Inc. boosted its position in shares of Excelerate Energy by 28.8% during 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 period. Pictet Asset Management Holding SA purchased a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $174,000. Finally, Mariner LLC bought a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $200,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Stock Down 1.7%

Shares of Excelerate Energy stock traded down $0.50 during trading on Wednesday, hitting $28.76. 200,040 shares of the stock traded hands, compared to its average volume of 287,972. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock's fifty day simple moving average is $27.37 and its 200 day simple moving average is $29.06. The firm has a market cap of $3.28 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a 52-week low of $16.70 and a 52-week high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business had revenue of $315.09 million for the quarter, compared to the consensus estimate of $207.87 million. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts predict 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 will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy's payout ratio is 16.33%.

Analyst Ratings Changes

EE has been the subject of a number of recent analyst reports. Wall Street Zen cut Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Stephens reissued an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Morgan Stanley reaffirmed an "underweight" rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Finally, Barclays upped their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.