Kings Path Partners LLC Sells 12,550 Shares of Excelerate Energy, Inc. (NYSE:EE)

Kings Path Partners LLC trimmed its holdings in Excelerate Energy, Inc. (NYSE:EE) by 38.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,937 shares of the company’s stock after selling 12,550 shares during the quarter. Kings Path Partners LLC’s holdings in Excelerate Energy were worth $572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of EE. SG Americas Securities LLC increased its stake in shares of Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after acquiring an additional 845 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Excelerate Energy in the 4th quarter worth about $283,000. TimesSquare Capital Management LLC bought a new position in shares of Excelerate Energy in the 4th quarter worth about $13,854,000. Private Advisor Group LLC bought a new stake in Excelerate Energy during the 4th quarter valued at about $285,000. Finally, Legacy Capital Group California Inc. bought a new stake in Excelerate Energy during the 4th quarter valued at about $414,000. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Stock Performance

Shares of NYSE EE opened at $28.64 on Friday. The firm’s 50-day moving average price is $27.32 and its 200-day moving average price is $29.06. 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 $3.27 billion, a PE ratio of 28.93, a PEG ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a 52-week low of $16.75 and a 52-week high of $32.99.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The firm had revenue of $315.09 million for the quarter, compared to the consensus estimate of $207.87 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business’s revenue was up 14.8% on a year-over-year basis. As a group, analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy’s payout ratio is presently 16.33%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Wall Street Zen lowered shares of Excelerate Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Stephens restated an “overweight” rating and set a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. Finally, Morgan Stanley restated an “underweight” rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.17.

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.