Bailard Inc. Buys New Shares in Excelerate Energy, Inc. (NYSE:EE)

Bailard Inc. purchased a new position in shares of Excelerate Energy, Inc. (NYSE:EE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,100 shares of the company’s stock, valued at approximately $297,000.

A number of other large investors also recently modified their holdings of EE. BOKF NA grew its stake in Excelerate Energy by 5.8% in the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after buying an additional 700 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Excelerate Energy during the 1st quarter worth approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Excelerate Energy in the first quarter valued at approximately $38,000. Scout Investments Inc. boosted its stake in shares of Excelerate Energy by 1.1% in the first quarter. Scout Investments Inc. now owns 253,480 shares of the company’s stock valued at $4,020,000 after buying an additional 2,673 shares during the period. Finally, Tortoise Index Solutions LLC grew its position in Excelerate Energy by 12.9% during the fourth quarter. Tortoise Index Solutions LLC now owns 23,608 shares of the company’s stock worth $365,000 after buying an additional 2,696 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EE shares. Stephens reiterated an “overweight” rating and set a $21.00 target price on shares of Excelerate Energy in a research report on Tuesday, July 9th. Wells Fargo & Company increased their price objective on shares of Excelerate Energy from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, Northland Securities boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Excelerate Energy has an average rating of “Moderate Buy” and a consensus target price of $22.17.

Excelerate Energy Stock Up 2.5 %

Shares of NYSE EE opened at $20.09 on Tuesday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 19.89 and a beta of 1.31. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.37. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $20.66. The stock has a 50-day moving average price of $18.92 and a two-hundred day moving average price of $17.21.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $183.33 million for the quarter, compared to analyst estimates of $259.14 million. Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. During the same quarter in the prior year, the company earned $0.23 earnings per share. As a group, analysts forecast that Excelerate Energy, Inc. will post 1.28 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be given a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.10 annualized dividend and a yield of 0.50%. Excelerate Energy’s dividend payout ratio is presently 9.90%.

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.