Barclays PLC Buys 20,113 Shares of Excelerate Energy, Inc. (NYSE:EE)

Barclays PLC boosted its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 299.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,822 shares of the company's stock after acquiring an additional 20,113 shares during the period. Barclays PLC's holdings in Excelerate Energy were worth $591,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EE. Public Employees Retirement System of Ohio boosted its holdings in Excelerate Energy by 580.7% in the third quarter. Public Employees Retirement System of Ohio now owns 15,084 shares of the company's stock worth $332,000 after acquiring an additional 12,868 shares in the last quarter. Quarry LP boosted its stake in Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company's stock worth $40,000 after purchasing an additional 409 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Excelerate Energy by 40.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock valued at $3,966,000 after purchasing an additional 52,007 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Excelerate Energy during the 3rd quarter valued at about $200,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Excelerate Energy during the 3rd quarter valued at about $4,385,000. Institutional investors own 21.79% of the company's stock.

Wall Street Analysts Forecast Growth

EE has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Excelerate Energy from $26.00 to $31.00 and gave the company an "overweight" rating in a report on Monday. Morgan Stanley lifted their target price on Excelerate Energy from $23.00 to $25.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Wells Fargo & Company upped their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. Stephens lifted their price objective on Excelerate Energy from $28.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $29.43.

Excelerate Energy Stock Performance

NYSE:EE traded up $0.28 on Friday, hitting $32.31. The stock had a trading volume of 158,049 shares, compared to its average volume of 220,177. The business's 50-day simple moving average is $30.10 and its two-hundred day simple moving average is $23.88. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42. Excelerate Energy, Inc. has a 52-week low of $13.38 and a 52-week high of $32.47. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $194.09 million. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, research analysts predict that Excelerate Energy, Inc. will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.06 per share. This is an increase from Excelerate Energy's previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. Excelerate Energy's payout ratio is presently 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.