Excelerate Energy, Inc. $EE Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its holdings in Excelerate Energy, Inc. (NYSE:EE) by 32.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 171,700 shares of the company’s stock after buying an additional 42,500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Excelerate Energy were worth $5,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EE. AlphaQuest LLC purchased a new position in shares of Excelerate Energy in the 2nd quarter valued at $30,000. Quarry LP raised its position in shares of Excelerate Energy by 89.6% in the 1st quarter. Quarry LP now owns 1,997 shares of the company’s stock valued at $57,000 after purchasing an additional 944 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Excelerate Energy by 24.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,327 shares of the company’s stock worth $156,000 after purchasing an additional 1,055 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Excelerate Energy during the first quarter valued at approximately $250,000. Finally, KLP Kapitalforvaltning AS lifted its holdings in Excelerate Energy by 32.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,300 shares of the company’s stock worth $273,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of EE opened at $26.85 on Friday. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The stock’s fifty day moving average is $26.22 and its 200-day moving average is $26.66. Excelerate Energy, Inc. has a one year low of $21.28 and a one year high of $32.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.39 and a current ratio of 2.39.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, November 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.32 by $0.13. The firm had revenue of $245.16 million for the quarter, compared to analysts’ expectations of $270.82 million. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. The business’s revenue was up 102.2% on a year-over-year basis. Equities analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, November 19th. This represents a $0.32 annualized dividend and a dividend yield of 1.2%. Excelerate Energy’s dividend payout ratio (DPR) is 22.22%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EE shares. Tudor Pickering upgraded Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 17th. Jefferies Financial Group set a $37.00 target price on shares of Excelerate Energy and gave the company a “buy” rating in a research note on Tuesday, October 28th. Citigroup reiterated an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a research report on Monday. Finally, Wall Street Zen raised Excelerate Energy from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Excelerate Energy has a consensus rating of “Moderate Buy” and an average target price of $32.38.

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.