GAMMA Investing LLC Buys 12,654 Shares of Excelerate Energy, Inc. (NYSE:EE)

GAMMA Investing LLC lifted its position in Excelerate Energy, Inc. (NYSE:EE) by 4,503.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,935 shares of the company’s stock after acquiring an additional 12,654 shares during the period. GAMMA Investing LLC’s holdings in Excelerate Energy were worth $371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. raised its position in shares of Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock worth $54,000 after purchasing an additional 400 shares during the period. Sterling Capital Management LLC boosted its position in shares of Excelerate Energy by 3.0% during the fourth quarter. Sterling Capital Management LLC now owns 17,119 shares of the company’s stock worth $518,000 after buying an additional 494 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Excelerate Energy during the fourth quarter worth about $27,000. Jaffetilchin Investment Partners LLC grew its holdings in shares of Excelerate Energy by 14.2% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 8,113 shares of the company’s stock worth $245,000 after buying an additional 1,007 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Excelerate Energy in the 4th quarter valued at approximately $33,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Down 0.8%

Shares of EE stock opened at $29.28 on Friday. Excelerate Energy, Inc. has a 52-week low of $17.45 and a 52-week high of $32.99. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.01 and a beta of 1.41. The firm’s 50-day moving average is $28.35 and its 200-day moving average is $29.14. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.34 and a current ratio of 3.34.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $207.87 million. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, May 21st. Excelerate Energy’s dividend payout ratio is 16.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EE. Wall Street Zen raised shares of Excelerate Energy from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Barclays boosted their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Jefferies Financial Group began coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They set a “buy” rating and a $39.00 price objective for the company. Finally, Stephens reaffirmed an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.29.

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.