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

Barclays PLC grew its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 299.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other large investors have also recently made changes to their positions in EE. Tortoise Capital Advisors L.L.C. grew its stake in Excelerate Energy by 10.1% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company's stock valued at $15,012,000 after acquiring an additional 74,946 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Excelerate Energy by 28.2% in the second quarter. Marshall Wace LLP now owns 338,465 shares of the company's stock worth $6,241,000 after purchasing an additional 74,491 shares during the period. Renaissance Technologies LLC raised its position in shares of Excelerate Energy by 7.9% in the second quarter. Renaissance Technologies LLC now owns 249,282 shares of the company's stock worth $4,597,000 after buying an additional 18,282 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Excelerate Energy during the third quarter valued at $4,385,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock valued at $3,966,000 after buying an additional 52,007 shares during the period. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Trading Up 3.9 %

NYSE:EE traded up $1.19 during trading hours on Thursday, hitting $31.44. The company had a trading volume of 203,966 shares, compared to its average volume of 219,547. 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 stock has a 50-day moving average price of $28.63 and a 200 day moving average price of $22.94. The company has a market capitalization of $3.34 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. 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 earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The firm had revenue of $193.42 million for the quarter, compared to the consensus estimate of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter in the prior year, the business earned $0.40 EPS. On average, equities research analysts predict that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. Excelerate Energy's dividend payout ratio (DPR) is presently 24.24%.

Analyst Upgrades and Downgrades

EE has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. Stephens lifted their price objective on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. 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 raised their price target on Excelerate Energy from $22.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, Northland Securities upped their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $28.33.

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.