Excelerate Energy, Inc. (NYSE:EE) Shares Purchased by PDT Partners LLC

PDT Partners LLC boosted its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 85.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,971 shares of the company's stock after buying an additional 21,645 shares during the quarter. PDT Partners LLC's holdings in Excelerate Energy were worth $1,034,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Excelerate Energy during the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio bought a new stake in Excelerate Energy during the 1st quarter valued at $38,000. Quantbot Technologies LP purchased a new stake in shares of Excelerate Energy in the 3rd quarter worth $94,000. US Bancorp DE bought a new position in shares of Excelerate Energy during the 3rd quarter worth $130,000. Finally, SG Americas Securities LLC purchased a new position in shares of Excelerate Energy during the third quarter valued at $161,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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 research note on Monday, November 11th. Morgan Stanley increased their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. Stephens boosted their price objective on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Wells Fargo & Company increased their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. Finally, Barclays boosted their price target on Excelerate Energy from $22.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.67.

Excelerate Energy Stock Down 2.7 %

Shares of Excelerate Energy stock traded down $0.84 during trading on Monday, reaching $30.13. The company's stock had a trading volume of 319,684 shares, compared to its average volume of 218,078. Excelerate Energy, Inc. has a 1-year low of $13.38 and a 1-year high of $31.89. The company has a 50-day simple moving average of $25.05 and a two-hundred day simple moving average of $20.88. 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 company has a market cap of $3.20 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 2.25 and a beta of 1.28.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results 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 return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $193.42 million during the quarter, compared to the consensus estimate of $194.09 million. During the same quarter last year, the company earned $0.40 earnings per share. As a group, equities analysts forecast that Excelerate Energy, Inc. will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.06 per share. This is a positive change from Excelerate Energy's previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Excelerate Energy's dividend payout ratio is presently 24.24%.

Excelerate Energy 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.