Virtu Financial LLC Makes New $381,000 Investment in Excelerate Energy, Inc. (NYSE:EE)

Virtu Financial LLC purchased a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,296 shares of the company's stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC lifted its position in Excelerate Energy by 4.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 478,093 shares of the company's stock worth $13,712,000 after acquiring an additional 20,095 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Excelerate Energy by 16.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company's stock worth $13,168,000 after acquiring an additional 60,691 shares during the period. Renaissance Technologies LLC lifted its position in Excelerate Energy by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 358,219 shares of the company's stock worth $10,836,000 after acquiring an additional 44,400 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Excelerate Energy by 94.3% during the 4th 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. Finally, Millennium Management LLC raised its stake in shares of Excelerate Energy by 12.0% during the 4th quarter. Millennium Management LLC now owns 327,534 shares of the company's stock valued at $9,908,000 after buying an additional 35,199 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company's stock.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock opened at $24.40 on Friday. The company has a quick ratio of 3.34, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. Excelerate Energy, Inc. has a twelve month low of $17.70 and a twelve month high of $32.99. The business has a 50-day moving average price of $27.28 and a 200 day moving average price of $27.97. The firm has a market cap of $2.78 billion, a PE ratio of 17.94 and a beta of 1.38.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Excelerate Energy had a return on equity of 4.16% and a net margin of 3.64%. The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $259.82 million. The business's quarterly revenue was up 11.6% on a year-over-year basis. Sell-side analysts predict that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Wednesday, August 20th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.06. Excelerate Energy's payout ratio is currently 17.65%.

Wall Street Analyst Weigh In

EE has been the topic of several analyst reports. Wall Street Zen raised Excelerate Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup reaffirmed an "outperform" rating on shares of Excelerate Energy in a report on Wednesday. Jefferies Financial Group initiated coverage on Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 target price on the stock. Finally, Wells Fargo & Company set a $26.00 target price on Excelerate Energy in a report on Monday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $32.86.

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.

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