247,621 Shares in Excelerate Energy, Inc. $EE Acquired by Nuveen LLC

Nuveen LLC bought a new position in Excelerate Energy, Inc. (NYSE:EE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 247,621 shares of the company’s stock, valued at approximately $7,102,000. Nuveen LLC owned about 0.23% of Excelerate Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EE. Wellington Management Group LLP purchased a new stake in Excelerate Energy in the fourth quarter worth approximately $5,921,000. Jacobs Levy Equity Management Inc. boosted its holdings in Excelerate Energy by 94.3% in the fourth 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 Excelerate Energy in the fourth quarter worth approximately $2,872,000. Tudor Investment Corp ET AL boosted its holdings in Excelerate Energy by 105.3% in the fourth 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. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Excelerate Energy by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company’s stock worth $13,168,000 after purchasing an additional 60,691 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analysts Set New Price Targets

EE has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They set a “buy” rating and a $39.00 price target on the stock. Wells Fargo & Company set a $26.00 price target on shares of Excelerate Energy in a research note on Monday, August 11th. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Citigroup reiterated an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.86.

Excelerate Energy Stock Up 0.2%

Shares of EE stock opened at $24.4430 on Monday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 17.97 and a beta of 1.38. Excelerate Energy, Inc. has a one year low of $17.70 and a one year high of $32.99. The company’s fifty day moving average price is $26.42 and its 200-day moving average price is $27.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 2.60.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $204.60 million for the quarter, compared to the consensus estimate of $259.82 million. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. Excelerate Energy’s revenue was up 11.6% compared to the same quarter last year. Sell-side analysts expect that Excelerate Energy, Inc. will post 1.16 EPS 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. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.06. Excelerate Energy’s dividend payout ratio (DPR) is presently 23.53%.

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.