Quantbot Technologies LP Buys Shares of 4,268 Excelerate Energy, Inc. (NYSE:EE)

Quantbot Technologies LP purchased a new position in Excelerate Energy, Inc. (NYSE:EE) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,268 shares of the company’s stock, valued at approximately $94,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Algert Global LLC bought a new stake in Excelerate Energy in the second quarter worth about $1,915,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Excelerate Energy in the 2nd quarter worth approximately $1,569,000. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Excelerate Energy by 10.1% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock worth $15,012,000 after purchasing an additional 74,946 shares in the last quarter. Marshall Wace LLP lifted its stake in Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after purchasing an additional 74,491 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Excelerate Energy by 160.3% during the second quarter. Mackenzie Financial Corp now owns 55,580 shares of the company’s stock worth $1,025,000 after buying an additional 34,228 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EE shares. Wells Fargo & Company increased 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. Northland Securities increased their price target on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Stephens boosted their price objective on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley raised their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Barclays boosted their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.00.

Excelerate Energy Trading Down 2.4 %

NYSE:EE opened at $31.32 on Friday. The stock’s 50-day moving average is $25.80 and its two-hundred day moving average is $21.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The stock has a market cap of $3.33 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 2.20 and a beta of 1.43. Excelerate Energy, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $32.25.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $193.42 million for 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 quarter in the prior year, the business earned $0.40 EPS. As a group, equities research analysts forecast that Excelerate Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were given a dividend of $0.06 per share. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

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.