Excelerate Energy, Inc. (NYSE:EE) Shares Acquired by Fmr LLC

Fmr LLC increased its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 134.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,134 shares of the company’s stock after purchasing an additional 13,257 shares during the quarter. Fmr LLC’s holdings in Excelerate Energy were worth $509,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bailard Inc. acquired a new stake in Excelerate Energy in the second quarter valued at $297,000. nVerses Capital LLC acquired a new stake in shares of Excelerate Energy during the 2nd quarter worth about $26,000. Rhumbline Advisers lifted its stake in Excelerate Energy by 9.6% during the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after purchasing an additional 2,553 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in Excelerate Energy by 10.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock valued at $15,012,000 after purchasing an additional 74,946 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in Excelerate Energy by 59.9% in the second quarter. Quest Partners LLC now owns 11,468 shares of the company’s stock valued at $211,000 after purchasing an additional 4,294 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Down 5.8 %

Shares of NYSE:EE opened at $28.98 on Thursday. Excelerate Energy, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $32.25. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $27.26 and its 200-day simple moving average is $22.05. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 2.28 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share 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 company had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. During the same quarter in the previous year, the company earned $0.40 EPS. As a group, equities research analysts predict that Excelerate Energy, Inc. will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, November 20th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio is currently 24.24%.

Analyst Upgrades and Downgrades

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

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.