Quest Partners LLC Lowers Position in Excelerate Energy, Inc. (NYSE:EE)

Quest Partners LLC cut its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 16.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,628 shares of the company’s stock after selling 1,840 shares during the quarter. Quest Partners LLC’s holdings in Excelerate Energy were worth $212,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of EE. nVerses Capital LLC purchased a new position in shares of Excelerate Energy in the second quarter valued at about $26,000. Public Employees Retirement System of Ohio purchased a new position in shares of Excelerate Energy in the first quarter valued at about $38,000. US Bancorp DE purchased a new position in shares of Excelerate Energy in the third quarter valued at about $130,000. SG Americas Securities LLC purchased a new position in shares of Excelerate Energy in the third quarter valued at about $161,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Excelerate Energy in the third quarter valued at about $214,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Stock Up 1.8 %

NYSE:EE opened at $30.69 on Thursday. Excelerate Energy, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $31.89. The stock has a market capitalization of $3.26 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The company’s 50-day simple moving average is $24.65 and its 200-day simple moving average is $20.69.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same period last year, the firm posted $0.40 EPS. On average, equities analysts anticipate that Excelerate Energy, Inc. will post 1.23 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, December 5th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 20th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. Excelerate Energy’s dividend payout ratio (DPR) is currently 24.24%.

Analysts Set New Price Targets

EE has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Stephens boosted their price objective on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Barclays lifted their target price on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Northland Securities lifted their target price on Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.67.

Excelerate Energy Company 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.