Excelerate Energy, Inc. (NYSE:EE) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P raised its position in Excelerate Energy, Inc. (NYSE:EE) by 39.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 27,690 shares of the company’s stock after acquiring an additional 7,880 shares during the period. Martingale Asset Management L P’s holdings in Excelerate Energy were worth $609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EE. FMR LLC lifted its position in Excelerate Energy by 134.2% in the third quarter. FMR LLC now owns 23,134 shares of the company’s stock valued at $509,000 after purchasing an additional 13,257 shares during the period. Quantbot Technologies LP purchased a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $94,000. Algert Global LLC lifted its holdings in shares of Excelerate Energy by 13.7% in the 3rd quarter. Algert Global LLC now owns 118,093 shares of the company’s stock valued at $2,599,000 after buying an additional 14,253 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Excelerate Energy in the third quarter valued at approximately $214,000. Finally, Van ECK Associates Corp grew its holdings in Excelerate Energy by 111.7% during the third quarter. Van ECK Associates Corp now owns 16,197 shares of the company’s stock worth $380,000 after acquiring an additional 8,547 shares during the period. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EE shares. Northland Securities raised their target price on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Stephens raised their price objective on shares of Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Morgan Stanley upped their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Barclays lifted their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company upped their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Excelerate Energy has an average rating of “Hold” and a consensus target price of $25.67.

Excelerate Energy Stock Up 0.3 %

EE stock opened at $30.23 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company’s 50 day simple moving average is $25.39 and its 200-day simple moving average is $21.04. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $31.89. The firm has a market capitalization of $3.21 billion, a PE ratio of 30.54, a P/E/G ratio of 2.19 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. During the same quarter in the prior year, the firm earned $0.40 EPS. Equities analysts expect that Excelerate Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is 24.24%.

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.