Deutsche Bank AG Grows Position in Excelerate Energy, Inc. $EE

Deutsche Bank AG grew its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 254.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,003 shares of the company’s stock after purchasing an additional 49,531 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Excelerate Energy worth $1,979,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of Excelerate Energy during the first quarter valued at approximately $348,000. Pacer Advisors Inc. lifted its stake in Excelerate Energy by 32.3% in the first quarter. Pacer Advisors Inc. now owns 62,570 shares of the company’s stock worth $1,795,000 after acquiring an additional 15,288 shares during the period. Navellier & Associates Inc. purchased a new stake in Excelerate Energy in the first quarter worth $435,000. Jackson Creek Investment Advisors LLC purchased a new stake in Excelerate Energy in the first quarter worth $1,400,000. Finally, Bailard Inc. lifted its stake in Excelerate Energy by 13.6% in the first quarter. Bailard Inc. now owns 25,100 shares of the company’s stock worth $720,000 after acquiring an additional 3,000 shares during the period. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

EE opened at $24.3160 on Friday. The stock has a fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $27.74. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 17.88 and a beta of 1.38. Excelerate Energy, Inc. has a 12-month low of $17.70 and a 12-month high of $32.99.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $204.60 million during the quarter, compared to the consensus estimate of $259.82 million. Excelerate Energy had a return on equity of 4.16% and a net margin of 3.64%.The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts predict that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th will be issued a $0.08 dividend. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. Excelerate Energy’s dividend payout ratio is 23.53%.

Analyst Upgrades and Downgrades

EE has been the subject of a number of research analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Jefferies Financial Group initiated coverage on Excelerate Energy in a research note on Thursday, June 5th. They issued a “buy” rating and a $39.00 price target for the company. Wall Street Zen lowered Excelerate Energy from a “buy” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, Wells Fargo & Company set a $26.00 price target on Excelerate Energy in a research note on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.86.

About Excelerate Energy

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.