Hotchkis & Wiley Capital Management LLC Takes $4.39 Million Position in Excelerate Energy, Inc. (NYSE:EE)

Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 199,220 shares of the company's stock, valued at approximately $4,385,000. Hotchkis & Wiley Capital Management LLC owned 0.19% of Excelerate Energy as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC bought a new position in Excelerate Energy in the 2nd quarter valued at approximately $26,000. Public Employees Retirement System of Ohio bought a new stake in Excelerate Energy during the 1st quarter worth $38,000. Quantbot Technologies LP bought a new position in Excelerate Energy in the third quarter valued at about $94,000. US Bancorp DE acquired a new stake in shares of Excelerate Energy during the third quarter valued at about $130,000. Finally, SG Americas Securities LLC bought a new stake in shares of Excelerate Energy during the third quarter worth about $161,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays upped 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. Northland Securities upped their price objective on shares of Excelerate Energy from $25.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, November 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 note on Thursday, November 14th. Stephens upped their price objective on Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Excelerate Energy presently has an average rating of "Hold" and a consensus price target of $27.00.

Excelerate Energy Price Performance

NYSE:EE traded down $0.78 during trading hours on Friday, hitting $31.32. 366,902 shares of the company's stock traded hands, compared to its average volume of 218,667. The firm has a market cap of $3.33 billion, a P/E ratio of 31.62, a P/E/G ratio of 2.20 and a beta of 1.43. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $25.80 and its two-hundred day simple moving average is $21.19. Excelerate Energy, Inc. has a 52 week low of $13.38 and a 52 week high of $32.25.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $193.42 million for the quarter, compared to analysts' expectations of $194.09 million. During the same period in the prior year, the business earned $0.40 earnings per share. On average, research analysts anticipate that Excelerate Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, November 20th. This represents a $0.24 annualized dividend and a yield of 0.77%. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.03. Excelerate Energy's 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.