Excelerate Energy, Inc. $EE Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in Excelerate Energy, Inc. (NYSE:EE) by 34.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,028 shares of the company’s stock after selling 26,050 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Excelerate Energy were worth $1,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Excelerate Energy during the 4th quarter worth $76,000. Geode Capital Management LLC grew its holdings in shares of Excelerate Energy by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 634,272 shares of the company’s stock valued at $17,794,000 after purchasing an additional 13,761 shares during the period. GeoSphere Capital Management LLC grew its holdings in shares of Excelerate Energy by 13.9% in the fourth quarter. GeoSphere Capital Management LLC now owns 205,000 shares of the company’s stock valued at $5,750,000 after purchasing an additional 25,000 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Excelerate Energy during the fourth quarter worth about $207,000. Finally, Global Retirement Partners LLC purchased a new position in Excelerate Energy during the fourth quarter worth about $33,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Excelerate Energy news, insider Oliver Simpson sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $34.15, for a total value of $204,900.00. Following the sale, the insider owned 51,719 shares of the company’s stock, valued at $1,766,203.85. The trade was a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.34% of the company’s stock.

Excelerate Energy Trading Up 2.0%

NYSE EE opened at $32.76 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.60. The stock has a market capitalization of $3.73 billion, a P/E ratio of 26.64, a PEG ratio of 1.17 and a beta of 1.27. The firm’s 50-day moving average is $34.11 and its two-hundred day moving average is $33.54. Excelerate Energy, Inc. has a 12 month low of $21.28 and a 12 month high of $43.17.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $433.44 million for the quarter, compared to analyst estimates of $351.68 million. Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. Excelerate Energy’s revenue was up 37.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.52 earnings per share for the current year.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio (DPR) is 26.02%.

Analyst Ratings Changes

EE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $42.00 target price on shares of Excelerate Energy in a report on Friday, May 8th. Wells Fargo & Company reduced their price target on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Dnb Carnegie cut Excelerate Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Barclays increased their price objective on Excelerate Energy from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen raised Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.33.

Excelerate Energy Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.