Strs Ohio Raises Holdings in Excelerate Energy, Inc. (NYSE:EE)

Strs Ohio lifted its stake in Excelerate Energy, Inc. (NYSE:EE) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,200 shares of the company’s stock after buying an additional 4,200 shares during the quarter. Strs Ohio’s holdings in Excelerate Energy were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EE. SG Americas Securities LLC purchased a new position in Excelerate Energy during the fourth quarter worth approximately $108,000. MQS Management LLC purchased a new position in Excelerate Energy during the third quarter worth approximately $193,000. Corton Capital Inc. purchased a new position in Excelerate Energy during the third quarter worth approximately $275,000. Victory Capital Management Inc. boosted its position in Excelerate Energy by 64.4% during the third quarter. Victory Capital Management Inc. now owns 18,152 shares of the company’s stock worth $309,000 after purchasing an additional 7,108 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in Excelerate Energy by 40.7% during the third quarter. Panagora Asset Management Inc. now owns 20,142 shares of the company’s stock worth $343,000 after purchasing an additional 5,830 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

NYSE:EE opened at $17.21 on Friday. Excelerate Energy, Inc. has a one year low of $13.38 and a one year high of $22.42. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.42 and a current ratio of 3.43. The stock has a market cap of $1.86 billion, a PE ratio of 16.71 and a beta of 1.41. The stock has a 50 day moving average price of $15.53 and a 200 day moving average price of $15.58.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. The company had revenue of $240.06 million during the quarter, compared to analyst estimates of $265.31 million. Equities research analysts expect that Excelerate Energy, Inc. will post 1.1 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.58%. Excelerate Energy’s dividend payout ratio is presently 9.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James lowered their price target on Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Northland Securities started coverage on Excelerate Energy in a research report on Monday, February 26th. They issued an “outperform” rating and a $23.00 target price on the stock. StockNews.com upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Finally, Morgan Stanley decreased their target price on Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

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.