SG Americas Securities LLC Buys Shares of 7,296 Excelerate Energy, Inc. (NYSE:EE)

SG Americas Securities LLC purchased a new position in Excelerate Energy, Inc. (NYSE:EE) during the third quarter, HoldingsChannel.com reports. The fund purchased 7,296 shares of the company’s stock, valued at approximately $161,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Excelerate Energy during the 1st quarter valued at about $886,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Excelerate Energy during the first quarter valued at approximately $2,202,000. Bailard Inc. bought a new stake in shares of Excelerate Energy during the second quarter valued at approximately $297,000. Allspring Global Investments Holdings LLC purchased a new position in Excelerate Energy in the 1st quarter worth approximately $118,000. Finally, Marshall Wace LLP lifted its position in Excelerate Energy by 28.2% in the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after acquiring an additional 74,491 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 1.4 %

Excelerate Energy stock opened at $23.14 on Friday. The business has a 50-day simple moving average of $20.84 and a two-hundred day simple moving average of $18.95. Excelerate Energy, Inc. has a 52-week low of $13.38 and a 52-week high of $24.12. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.48 billion, a P/E ratio of 22.91 and a beta of 1.32.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. The business had revenue of $183.33 million for the quarter, compared to the consensus estimate of $259.14 million. During the same quarter last year, the firm posted $0.23 earnings per share. Analysts predict that Excelerate Energy, Inc. will post 1.14 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.025 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.43%. Excelerate Energy’s dividend payout ratio (DPR) is 9.90%.

Analyst Ratings Changes

Several research analysts have recently weighed in on EE shares. Wells Fargo & Company cut Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $20.00 to $19.00 in a research note on Friday, August 30th. Barclays upped their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday. Stephens lifted their price target on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Northland Securities increased their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.57.

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.