BNP Paribas Financial Markets Invests $418,000 in Excelerate Energy, Inc. (NYSE:EE)

BNP Paribas Financial Markets purchased a new position in shares of Excelerate Energy, Inc. (NYSE:EE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,821 shares of the company’s stock, valued at approximately $418,000.

Other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in shares of Excelerate Energy in the fourth quarter valued at $220,000. Principal Financial Group Inc. purchased a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $283,000. Proficio Capital Partners LLC purchased a new position in shares of Excelerate Energy during the fourth quarter worth about $403,000. Private Advisor Group LLC purchased a new stake in Excelerate Energy in the fourth quarter valued at approximately $285,000. Finally, Renaissance Technologies LLC grew its position in Excelerate Energy by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock worth $10,836,000 after purchasing an additional 44,400 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on EE. Morgan Stanley restated an “underweight” rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Wall Street Zen downgraded Excelerate Energy from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company reiterated an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Barclays upped their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Trading Up 1.7%

Excelerate Energy stock opened at $28.96 on Monday. Excelerate Energy, Inc. has a 52-week low of $16.70 and a 52-week high of $32.99. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 5.82 and a beta of 1.39. The firm has a 50-day moving average price of $27.37 and a two-hundred day moving average price of $29.04. 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 (NYSE:EE) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. Excelerate Energy’s quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts expect that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 annualized dividend and a yield of 0.83%. Excelerate Energy’s payout ratio is presently 16.33%.

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; and natural gas supply to-power projects.