Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in Excelerate Energy, Inc. (NYSE:EE) by 37.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,541 shares of the company’s stock after selling 30,064 shares during the period. Teacher Retirement System of Texas’ holdings in Excelerate Energy were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of EE. Wellington Management Group LLP purchased a new stake in shares of Excelerate Energy during the 4th quarter worth $5,921,000. Raymond James Financial Inc. purchased a new stake in shares of Excelerate Energy during the 4th quarter worth $5,510,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Excelerate Energy by 94.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock worth $10,591,000 after purchasing an additional 169,924 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Excelerate Energy during the 4th quarter worth $2,872,000. Finally, Tudor Investment Corp ET AL lifted its position in shares of Excelerate Energy by 105.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 171,618 shares of the company’s stock worth $5,191,000 after purchasing an additional 88,042 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of NYSE:EE opened at $27.05 on Friday. The company has a 50-day simple moving average of $29.04 and a 200-day simple moving average of $28.92. Excelerate Energy, Inc. has a one year low of $17.54 and a one year high of $32.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.34 and a current ratio of 3.34. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 0.92 and a beta of 1.40.

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

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were issued a $0.06 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. Excelerate Energy’s payout ratio is 16.33%.

Wall Street Analysts Forecast Growth

EE has been the subject of several recent analyst reports. Wall Street Zen raised shares of Excelerate Energy from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Jefferies Financial Group started coverage on shares of Excelerate Energy in a research report on Thursday, June 5th. They issued a “buy” rating and a $39.00 price target for the company. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average 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.