Public Employees Retirement System of Ohio Has $332,000 Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Public Employees Retirement System of Ohio raised its stake in Excelerate Energy, Inc. (NYSE:EE) by 580.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,084 shares of the company’s stock after acquiring an additional 12,868 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Excelerate Energy were worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new stake in Excelerate Energy during the 2nd quarter worth approximately $26,000. Quarry LP grew its position in shares of Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after buying an additional 409 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Excelerate Energy in the third quarter valued at about $94,000. US Bancorp DE bought a new position in shares of Excelerate Energy during the third quarter worth about $130,000. Finally, SG Americas Securities LLC acquired a new position in shares of Excelerate Energy in the third quarter worth approximately $161,000. Institutional investors own 21.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EE shares. Barclays increased their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Stephens increased their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Northland Securities boosted their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley increased their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company lifted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.33.

Excelerate Energy Trading Up 2.6 %

NYSE:EE opened at $29.77 on Friday. The firm has a fifty day simple moving average of $27.51 and a two-hundred day simple moving average of $22.22. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $32.25. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 2.28 and a beta of 1.43. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. During the same period in the previous year, the company posted $0.40 EPS. Analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is presently 24.24%.

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.