2 weeks Ago By ABMN Staff
Renaissance Technologies LLC grew its holdings in Excelerate Energy, Inc. ( NYSE:EE – Free Report ) by 7.9% during the 2nd quarter, Holdings Channel reports.
The fund owned 249,282 shares of the company’s stock after purchasing an additional 18,282 shares during the period. Renaissance Technologies LLC’s holdings in Excelerate Energy were worth $4,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors have also recently made changes to their positions in EE.
BOKF NA grew its stake in shares of Excelerate Energy by 5.8% during the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after purchasing an additional 700 shares during the period.
nVerses Capital LLC acquired a new stake in Excelerate Energy during the second quarter valued at $26,000. New York State Teachers Retirement System purchased a new position in Excelerate Energy in the first quarter valued at $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy in the 1st quarter valued at $38,000.
Finally, Rhumbline Advisers lifted its stake in Excelerate Energy by 9.6% in the 2nd quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock valued at $539,000 after buying an additional 2,553 shares in the last quarter.
Institutional investors and hedge funds own 21.79% of the company’s stock. Analyst Ratings Changes A number of research firms have recently issued reports on EE.
Northland Securities upped their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 12th.
Stephens reissued an “overweight” rating and issued a $21.00 price target on shares of Excelerate Energy in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company downgraded shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $20.
00 to $19.00 in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat, Excelerate Energy presently has a consensus rating of “Hold” and a consensus target price of $22.00. Excelerate Energy Stock Up 4.
4 % EE stock opened at $22.12 on Friday. The stock has a market cap of $2.
37 billion, a P/E ratio of 21.90 and a beta of 1.29.
The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.
35. Excelerate Energy, Inc. has a twelve month low of $13.
38 and a twelve month high of $22.19. The company’s 50 day moving average is $19.
45 and its two-hundred day moving average is $18.02. Excelerate Energy ( NYSE:EE – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 7th.
The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.
06). Excelerate Energy had a net margin of 3.40% and a return on equity of 1.
68%. The company had revenue of $183.33 million during the quarter, compared to analysts’ expectations of $259.
14 million. During the same period last year, the firm earned $0.23 earnings per share.
Research analysts expect that Excelerate Energy, Inc. will post 1.14 earnings per share for the current fiscal year.
Excelerate Energy Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a $0.025 dividend.
This represents a $0.10 annualized dividend and a dividend yield of 0.45%.
The ex-dividend date was Wednesday, August 21st. Excelerate Energy’s payout ratio is currently 9.90%.
About Excelerate Energy ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding EE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Excelerate Energy, Inc. ( NYSE:EE – Free Report ). Receive News & Ratings for Excelerate Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Excelerate Energy and related companies with MarketBeat.
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