Excelerate Energy, Inc. (NYSE:EE) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Excelerate Energy, Inc. (NYSE:EE) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 435,293 shares of the company’s stock after acquiring an additional 60,691 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.41% of Excelerate Energy worth $13,168,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EE. SBI Securities Co. Ltd. purchased a new position in Excelerate Energy in the fourth quarter valued at about $27,000. Aquatic Capital Management LLC acquired a new position in shares of Excelerate Energy in the 4th quarter valued at approximately $33,000. Summit Investment Advisors Inc. boosted its stake in shares of Excelerate Energy by 28.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock valued at $54,000 after buying an additional 400 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of Excelerate Energy during the 4th quarter valued at approximately $174,000. Finally, Mariner LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter worth approximately $200,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of NYSE:EE opened at $29.87 on Wednesday. The company has a market cap of $3.16 billion, a PE ratio of 30.17, a P/E/G ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $32.99. The firm has a 50-day simple moving average of $27.26 and a 200 day simple moving average of $28.73. 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) last posted its earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Excelerate Energy’s payout ratio is currently 16.33%.

Analyst Upgrades and Downgrades

EE has been the topic of a number of research analyst reports. Wells Fargo & Company reiterated an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Stephens reaffirmed an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays boosted their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.17.

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.