Los Angeles Capital Management LLC trimmed its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 32.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,073 shares of the company's stock after selling 28,430 shares during the period. Los Angeles Capital Management LLC owned 0.06% of Excelerate Energy worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in shares of Excelerate Energy in the 2nd quarter valued at about $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy during the 1st quarter worth $38,000. US Bancorp DE purchased a new position in Excelerate Energy during the 3rd quarter worth $130,000. SG Americas Securities LLC purchased a new position in shares of Excelerate Energy during the third quarter worth about $161,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Excelerate Energy in the 1st quarter valued at about $118,000. 21.79% of the stock is owned by institutional investors and hedge funds.
Excelerate Energy Price Performance
EE stock traded up $0.04 during trading on Friday, reaching $27.62. 167,055 shares of the company were exchanged, compared to its average volume of 215,217. Excelerate Energy, Inc. has a 52-week low of $13.38 and a 52-week high of $28.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The company has a market cap of $2.96 billion, a P/E ratio of 27.84 and a beta of 1.28. The stock's 50 day moving average price is $22.72 and its 200 day moving average price is $19.93.
Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. During the same quarter in the previous year, the company earned $0.40 EPS. As a group, analysts predict that Excelerate Energy, Inc. will post 1.18 earnings per share for the current fiscal year.
Excelerate Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Excelerate Energy's previous quarterly dividend of $0.03. Excelerate Energy's dividend payout ratio (DPR) is currently 10.10%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Excelerate Energy from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Tuesday. Barclays upped their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Northland Securities lifted their target price on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an "outperform" rating in a report on Monday. Finally, Stephens increased their price target on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.43.
Read Our Latest Stock Report on Excelerate Energy
Excelerate Energy Company Profile
(
Free Report)
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.
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