Boothbay Fund Management LLC Raises Stock Holdings in Excelerate Energy, Inc. $EE

Boothbay Fund Management LLC raised its stake in Excelerate Energy, Inc. (NYSE:EE) by 806.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,772 shares of the company’s stock after purchasing an additional 85,212 shares during the period. Boothbay Fund Management LLC owned 0.08% of Excelerate Energy worth $2,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of Excelerate Energy by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,888,034 shares of the company’s stock worth $72,750,000 after buying an additional 433,010 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Excelerate Energy by 328.4% in the second quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock worth $13,292,000 after purchasing an additional 347,521 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in Excelerate Energy by 77.3% in the third quarter. Kayne Anderson Capital Advisors LP now owns 781,623 shares of the company’s stock worth $19,689,000 after purchasing an additional 340,747 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Excelerate Energy by 219.5% during the third quarter. Squarepoint Ops LLC now owns 348,394 shares of the company’s stock worth $8,776,000 after purchasing an additional 239,358 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Excelerate Energy by 430.3% during the second quarter. Marshall Wace LLP now owns 292,150 shares of the company’s stock worth $8,566,000 after purchasing an additional 237,056 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Price Performance

NYSE EE opened at $33.89 on Tuesday. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.06 and a beta of 1.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.43 and a quick ratio of 2.43. The stock’s fifty day moving average price is $36.65 and its 200 day moving average price is $30.02. Excelerate Energy, Inc. has a 1 year low of $21.28 and a 1 year high of $43.17.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $317.57 million for the quarter, compared to analyst estimates of $293.49 million. Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. As a group, equities research analysts forecast that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

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

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, March 11th. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Raymond James Financial raised Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Monday, January 5th. Northland Securities set a $50.00 price target on Excelerate Energy in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $44.00 price target on shares of Excelerate Energy in a report on Friday, February 6th. Barclays boosted their price target on Excelerate Energy from $33.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Finally, Tudor Pickering raised shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Excelerate Energy presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Excelerate Energy Company 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.