Excelerate Energy, Inc. $EE Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust trimmed its position in Excelerate Energy, Inc. (NYSE:EE) by 20.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,920 shares of the company’s stock after selling 45,274 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.15% of Excelerate Energy worth $4,381,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bailard Inc. lifted its holdings in shares of Excelerate Energy by 1.6% in the third quarter. Bailard Inc. now owns 25,500 shares of the company’s stock valued at $642,000 after buying an additional 400 shares during the period. New York State Teachers Retirement System lifted its holdings in Excelerate Energy by 32.8% in the 3rd quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock valued at $52,000 after acquiring an additional 514 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Excelerate Energy during the 3rd quarter valued at about $30,000. SG Americas Securities LLC acquired a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $125,000. Finally, KLP Kapitalforvaltning AS grew its stake in shares of Excelerate Energy by 645.2% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 69,300 shares of the company’s stock worth $1,746,000 after purchasing an additional 60,000 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

EE opened at $34.96 on Friday. The firm has a market capitalization of $3.99 billion, a P/E ratio of 24.27, a PEG ratio of 1.38 and a beta of 1.36. The stock has a fifty day moving average of $28.68 and a 200-day moving average of $26.55. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.56. Excelerate Energy, Inc. has a 12-month low of $21.28 and a 12-month high of $35.01.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.13. The business had revenue of $391.04 million for the quarter, compared to the consensus estimate of $270.82 million. Excelerate Energy had a return on equity of 4.34% and a net margin of 3.46%.The company’s quarterly revenue was up 102.2% compared to the same quarter last year. Equities analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy declared that its board has authorized a stock buyback plan on Thursday, December 11th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Wednesday, November 19th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 19th. Excelerate Energy’s dividend payout ratio is 22.22%.

Wall Street Analyst Weigh In

EE has been the subject of a number of research reports. Tudor Pickering upgraded shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 17th. Jefferies Financial Group raised their price objective on Excelerate Energy from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a report on Monday, December 29th. Raymond James Financial raised Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research report on Monday, January 5th. Finally, Morgan Stanley set a $30.00 price target on Excelerate Energy and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.63.

Excelerate Energy Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.