Fmr LLC Boosts Holdings in Excelerate Energy, Inc. (NYSE:EE)

Fmr LLC raised its position in Excelerate Energy, Inc. (NYSE:EE) by 134.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,134 shares of the company’s stock after acquiring an additional 13,257 shares during the period. Fmr LLC’s holdings in Excelerate Energy were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Excelerate Energy in the 2nd quarter valued at $26,000. Rhumbline Advisers lifted its holdings in shares of 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 period. Susquehanna Fundamental Investments LLC boosted its position in Excelerate Energy by 5.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock valued at $1,073,000 after buying an additional 2,900 shares during the last quarter. Quantbot Technologies LP acquired a new position in Excelerate Energy in the 3rd quarter worth approximately $94,000. Finally, Quest Partners LLC raised its position in Excelerate Energy by 59.9% during the 2nd quarter. Quest Partners LLC now owns 11,468 shares of the company’s stock worth $211,000 after buying an additional 4,294 shares during the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays upped their price objective on Excelerate Energy from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Morgan Stanley raised their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Stephens upped their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Northland Securities raised their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.33.

Excelerate Energy Price Performance

Shares of EE stock opened at $28.98 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market capitalization of $3.08 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. The firm’s 50-day moving average is $27.26 and its two-hundred day moving average is $22.05. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $32.25.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter in the prior year, the company posted $0.40 EPS. Analysts predict that Excelerate Energy, Inc. will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

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

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.