UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in Excelerate Energy, Inc. (NYSE:EE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Excelerate Energy, Inc. (NYSE:EE) by 28.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,541 shares of the company’s stock after selling 4,954 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Excelerate Energy were worth $276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in shares of Excelerate Energy during the 3rd quarter worth $214,000. Bailard Inc. purchased a new position in Excelerate Energy in the 2nd quarter worth $297,000. US Bancorp DE purchased a new stake in Excelerate Energy in the third quarter valued at approximately $130,000. Marshall Wace LLP boosted its holdings in shares of Excelerate Energy by 28.2% in the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after acquiring an additional 74,491 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Excelerate Energy by 836.0% during the second quarter. Cubist Systematic Strategies LLC now owns 35,707 shares of the company’s stock worth $658,000 after acquiring an additional 31,892 shares during the period. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

Shares of EE opened at $29.77 on Friday. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy, Inc. has a 52-week low of $13.38 and a 52-week high of $32.25. The stock has a 50 day moving average price of $27.51 and a 200 day moving average price of $22.22. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last posted its earnings results 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 business had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period in the previous year, the business earned $0.40 EPS. Research analysts predict that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

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

Analyst Ratings Changes

EE has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Northland Securities upped their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday. Stephens raised their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Finally, Barclays lifted their price objective 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Excelerate Energy currently has a consensus rating of “Hold” and a consensus target price of $28.33.

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.