Amitell Capital Pte Ltd Takes $737,000 Position in Excelerate Energy, Inc. $EE

Amitell Capital Pte Ltd acquired a new stake in shares of Excelerate Energy, Inc. (NYSE:EE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,244 shares of the company’s stock, valued at approximately $737,000.

A number of other hedge funds also recently bought and sold shares of the stock. AlphaQuest LLC bought a new stake in Excelerate Energy during the 2nd quarter valued at $30,000. State of Alaska Department of Revenue bought a new stake in Excelerate Energy during the third quarter valued at about $30,000. Tower Research Capital LLC TRC boosted its position in Excelerate Energy by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after purchasing an additional 1,186 shares in the last quarter. New York State Teachers Retirement System grew its stake in Excelerate Energy by 32.8% in the third quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock valued at $52,000 after purchasing an additional 514 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in Excelerate Energy by 31.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,352 shares of the company’s stock worth $69,000 after purchasing an additional 561 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Up 0.9%

NYSE EE opened at $42.84 on Thursday. Excelerate Energy, Inc. has a 12-month low of $21.28 and a 12-month high of $43.07. The company has a fifty day simple moving average of $34.25 and a two-hundred day simple moving average of $28.80. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.89 billion, a P/E ratio of 29.75, a P/E/G ratio of 1.35 and a beta of 1.36.

Excelerate Energy declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 11th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. Excelerate Energy’s payout ratio is currently 22.22%.

Wall Street Analyst Weigh In

EE has been the subject of several analyst reports. Northland Securities set a $50.00 price target on shares of Excelerate Energy in a research report on Friday, January 30th. Jefferies Financial Group increased their target price on shares of Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a research note on Monday, December 29th. Tudor Pickering raised Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Finally, Morgan Stanley increased their price objective on Excelerate Energy from $30.00 to $40.00 and gave the company an “equal weight” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Excelerate Energy presently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

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.