Excelerate Energy, Inc. (NYSE:EE) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,903 shares of the company’s stock after acquiring an additional 471 shares during the period. Rhumbline Advisers’ holdings in Excelerate Energy were worth $915,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EE. Intech Investment Management LLC acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $220,000. BNP Paribas Financial Markets acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $418,000. Principal Financial Group Inc. acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $283,000. Proficio Capital Partners LLC acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $403,000. Finally, Private Advisor Group LLC acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $285,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EE shares. Jefferies Financial Group started coverage on Excelerate Energy in a research report on Thursday, June 5th. They issued a “buy” rating and a $39.00 price target for the company. Barclays increased their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Wall Street Zen upgraded Excelerate Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Stephens reiterated an “overweight” rating and issued a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Finally, Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Three investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.29.

Excelerate Energy Trading Down 0.8%

Shares of NYSE EE opened at $29.28 on Friday. Excelerate Energy, Inc. has a one year low of $17.45 and a one year high of $32.99. The firm has a market capitalization of $3.34 billion, a PE ratio of 19.92, a PEG ratio of 1.01 and a beta of 1.41. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $28.35 and a two-hundred day moving average price of $29.14.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Excelerate Energy had a return on equity of 2.20% and a net margin of 3.93%. The firm had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. The firm’s revenue was up 14.8% compared to the same quarter last year. As a group, analysts predict that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Excelerate Energy’s dividend payout ratio is 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.