Excelerate Energy, Inc. $EE Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in Excelerate Energy, Inc. (NYSE:EE) by 39.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 32,224 shares of the company’s stock after selling 20,713 shares during the quarter. Pacer Advisors Inc.’s holdings in Excelerate Energy were worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EE. Arax Advisory Partners increased its stake in shares of Excelerate Energy by 791.9% during the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock valued at $25,000 after acquiring an additional 784 shares during the period. Global Retirement Partners LLC acquired a new stake in Excelerate Energy in the fourth quarter worth approximately $33,000. Essex Investment Management Co. LLC bought a new position in Excelerate Energy during the 4th quarter valued at $41,000. Tower Research Capital LLC TRC boosted its stake in Excelerate Energy by 157.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after purchasing an additional 1,186 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Excelerate Energy during the 4th quarter valued at $56,000. 21.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $42.00 target price on shares of Excelerate Energy in a research note on Friday, May 8th. Morgan Stanley set a $41.00 price objective on shares of Excelerate Energy in a research report on Friday. Wall Street Zen raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. The Goldman Sachs Group assumed coverage on shares of Excelerate Energy in a report on Wednesday, July 15th. They issued a “buy” rating and a $49.00 target price on the stock. Finally, Stephens reissued an “overweight” rating and set a $45.00 target price on shares of Excelerate Energy in a research note on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Excelerate Energy Stock Up 0.3%

EE stock opened at $34.97 on Monday. Excelerate Energy, Inc. has a 1 year low of $21.28 and a 1 year high of $43.17. The company has a fifty day simple moving average of $36.73 and a 200 day simple moving average of $36.22. The firm has a market cap of $3.98 billion, a PE ratio of 24.12, a PEG ratio of 1.25 and a beta of 1.22. The company has a current ratio of 1.80, a quick ratio of 2.60 and a debt-to-equity ratio of 0.52.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $329.27 million during the quarter, compared to the consensus estimate of $344.27 million. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. Excelerate Energy’s quarterly revenue was up 60.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. Sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.54 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, August 19th. Excelerate Energy’s dividend payout ratio (DPR) is currently 22.07%.

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.