Tudor Investment Corp ET AL Sells 98,972 Shares of Excelerate Energy, Inc. $EE

Tudor Investment Corp ET AL cut its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 38.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,330 shares of the company’s stock after selling 98,972 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Excelerate Energy were worth $4,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS raised its stake in Excelerate Energy by 645.2% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 69,300 shares of the company’s stock worth $1,746,000 after acquiring an additional 60,000 shares during the period. Principal Financial Group Inc. increased its stake in shares of Excelerate Energy by 153.5% in the third quarter. Principal Financial Group Inc. now owns 41,518 shares of the company’s stock worth $1,046,000 after purchasing an additional 25,139 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Excelerate Energy in the third quarter worth $1,845,000. Fortress Investment Group LLC bought a new stake in shares of Excelerate Energy during the 2nd quarter valued at $3,130,000. Finally, JPMorgan Chase & Co. raised its position in shares of Excelerate Energy by 37.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 408,152 shares of the company’s stock valued at $10,281,000 after purchasing an additional 110,970 shares during the period. 21.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Excelerate Energy news, insider Oliver Simpson sold 6,000 shares of the firm’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 transaction of $204,900.00. Following the completion of the transaction, the insider owned 51,719 shares in the company, valued at $1,766,203.85. This trade represents a 10.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.83% of the stock is owned by corporate insiders.

Excelerate Energy Stock Performance

Shares of NYSE EE opened at $33.47 on Thursday. The company has a market cap of $3.82 billion, a P/E ratio of 25.36, a P/E/G ratio of 1.09 and a beta of 1.34. Excelerate Energy, Inc. has a 52-week low of $21.28 and a 52-week high of $43.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.43 and a current ratio of 2.43. The firm’s fifty day moving average is $37.20 and its two-hundred day moving average is $30.48.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $317.57 million for the quarter, compared to the consensus estimate of $293.49 million. Excelerate Energy had a net margin of 3.19% and a return on equity of 4.12%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. As a group, analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy declared that its board has authorized a share repurchase plan on Thursday, December 11th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to purchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. Excelerate Energy’s dividend payout ratio is presently 24.24%.

Wall Street Analyst Weigh In

EE has been the topic of a number of recent analyst reports. Raymond James Financial raised Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Monday, January 5th. Dnb Carnegie lowered Excelerate Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Jefferies Financial Group increased their target price on Excelerate Energy from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $44.00 price target on shares of Excelerate Energy in a report on Friday, February 6th. Finally, Wells Fargo & Company upped their price target on Excelerate Energy from $29.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.