Strs Ohio increased its stake in shares of Excelerate Energy, Inc. (NYSE:EE – Free Report) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,700 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Strs Ohio’s holdings in Excelerate Energy were worth $583,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in Excelerate Energy by 6.2% during the second quarter. Victory Capital Management Inc. now owns 11,044 shares of the company’s stock worth $225,000 after buying an additional 647 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Excelerate Energy in the second quarter worth $332,000. Bailard Inc. purchased a new position in Excelerate Energy in the second quarter worth $353,000. Summit Global Investments purchased a new position in Excelerate Energy in the second quarter worth $295,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Excelerate Energy in the second quarter worth $125,000. Institutional investors own 21.78% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on EE shares. Raymond James cut their price objective on Excelerate Energy from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, October 19th. JPMorgan Chase & Co. dropped their price target on Excelerate Energy from $28.00 to $27.00 in a research report on Wednesday, July 12th. Barclays dropped their price target on Excelerate Energy from $30.00 to $26.00 in a research report on Tuesday, July 18th. StockNews.com initiated coverage on Excelerate Energy in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Morgan Stanley dropped their price target on Excelerate Energy from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.00.
Excelerate Energy Stock Performance
NYSE:EE opened at $15.06 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.41 and a current ratio of 3.56. Excelerate Energy, Inc. has a 52-week low of $14.53 and a 52-week high of $31.13. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 13.94 and a beta of 1.31. The business’s fifty day moving average is $17.19 and its 200 day moving average is $19.47.
Excelerate Energy (NYSE:EE – Get Free Report) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). Excelerate Energy had a net margin of 1.48% and a return on equity of 1.86%. The company had revenue of $432.37 million for the quarter, compared to the consensus estimate of $255.68 million. Research analysts predict that Excelerate Energy, Inc. will post 1.05 EPS for the current year.
Excelerate Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd were paid a $0.025 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.10 dividend on an annualized basis and a yield of 0.66%. Excelerate Energy’s dividend payout ratio is currently 9.26%.
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; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.
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