Counterpoint Mutual Funds LLC Purchases 113,984 Shares of Excelerate Energy, Inc. $EE

Counterpoint Mutual Funds LLC boosted its holdings in Excelerate Energy, Inc. (NYSE:EE) by 999.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 125,387 shares of the company’s stock after acquiring an additional 113,984 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Excelerate Energy were worth $4,190,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Arax Advisory Partners lifted its stake in shares of Excelerate Energy by 791.9% in the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after buying an additional 784 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Excelerate Energy during the fourth quarter worth about $33,000. Essex Investment Management Co. LLC bought a new stake in shares of Excelerate Energy during the fourth quarter worth about $41,000. CIBC Private Wealth Group LLC bought a new stake in shares of Excelerate Energy during the fourth quarter worth about $56,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Excelerate Energy by 157.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after acquiring an additional 1,186 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Analysts Set New Price Targets

EE has been the topic of several recent research reports. Morgan Stanley dropped their price target on shares of Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Zacks Research lowered Excelerate Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Wall Street Zen raised Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $42.00 target price on shares of Excelerate Energy in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.33.

Excelerate Energy Stock Performance

Shares of EE stock opened at $37.91 on Friday. The firm has a 50-day moving average of $34.88 and a 200-day moving average of $34.49. The company has a market cap of $4.32 billion, a P/E ratio of 30.82, a P/E/G ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.60. Excelerate Energy, Inc. has a one year low of $21.28 and a one year high of $43.17.

Excelerate Energy (NYSE:EE) last released 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). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The firm had revenue of $433.44 million for the quarter, compared to the consensus estimate of $351.68 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was up 37.6% on a year-over-year basis. Equities research analysts forecast that Excelerate Energy, Inc. will post 1.52 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were paid a $0.08 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.32 annualized dividend and a yield of 0.8%. Excelerate Energy’s dividend payout ratio (DPR) is 26.02%.

Excelerate Energy Company 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.