XTX Topco Ltd Acquires New Shares in Excelerate Energy, Inc. (NYSE:EE)

Key Points

• XTX Topco Ltd has purchased 12,117 shares of Excelerate Energy, Inc. (NYSE: EE), valued at approximately $348,000, as indicated in a recent SEC filing.
• Excelerate Energy reported a 14.8% increase in quarterly revenue year-over-year, with earnings per share exceeding consensus estimates.
• The company announced a dividend increase from $0.06 to $0.08 per share, reflecting a payout ratio of 16.33% and an annualized yield of 1.3%.

XTX Topco Ltd bought a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 12,117 shares of the company's stock, valued at approximately $348,000.

Several other hedge funds have also recently made changes to their positions in EE. Wellington Management Group LLP bought a new position in shares of Excelerate Energy in the fourth quarter worth $5,921,000. Raymond James Financial Inc. bought a new position in shares of Excelerate Energy in the fourth quarter worth $5,510,000. Jacobs Levy Equity Management Inc. boosted 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 position in shares of Excelerate Energy in the fourth quarter worth $2,872,000. Finally, Tudor Investment Corp ET AL raised its position 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 buying an additional 88,042 shares in the last quarter. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Trading Up 0.7%

Shares of EE traded up $0.16 during midday trading on Thursday, hitting $24.41. The stock had a trading volume of 296,013 shares, compared to its average volume of 411,993. Excelerate Energy, Inc. has a fifty-two week low of $17.70 and a fifty-two week high of $32.99. The business has a 50-day simple moving average of $27.42 and a two-hundred day simple moving average of $28.00. The firm has a market cap of $2.78 billion, a P/E ratio of 17.96 and a beta of 1.38. The company has a current ratio of 2.60, a quick ratio of 3.34 and a debt-to-equity ratio of 0.58.

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

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.08 per share. This is a boost from Excelerate Energy's previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.3%. Excelerate Energy's payout ratio is currently 23.53%.

Analyst Ratings Changes

Several research firms have recently issued reports on EE. Jefferies Financial Group began coverage on shares of Excelerate Energy in a report on Thursday, June 5th. They set a "buy" rating and a $39.00 target price for the company. Wall Street Zen raised shares of Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Wells Fargo & Company set a $26.00 target price on shares of Excelerate Energy in a research report on Monday. Finally, Citigroup reissued an "outperform" rating on shares of Excelerate Energy in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Excelerate Energy has a consensus rating of "Hold" and a consensus 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.