Tortoise Index Solutions LLC Raises Holdings in Excelerate Energy, Inc. (NYSE:EE)

Tortoise Index Solutions LLC grew its position in Excelerate Energy, Inc. (NYSE:EE) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,608 shares of the company’s stock after buying an additional 2,696 shares during the quarter. Tortoise Index Solutions LLC’s holdings in Excelerate Energy were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Ranger Investment Management L.P. lifted its stake in shares of Excelerate Energy by 0.5% during the 4th quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock worth $24,884,000 after purchasing an additional 7,815 shares during the last quarter. Scout Investments Inc. lifted its stake in shares of Excelerate Energy by 7.1% during the 4th quarter. Scout Investments Inc. now owns 250,807 shares of the company’s stock worth $3,877,000 after purchasing an additional 16,697 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Excelerate Energy by 295.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company’s stock worth $70,000 after purchasing an additional 3,365 shares during the last quarter. Quest Partners LLC purchased a new stake in Excelerate Energy in the fourth quarter valued at about $409,000. Finally, Trexquant Investment LP purchased a new stake in Excelerate Energy in the fourth quarter valued at about $1,153,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on EE. StockNews.com upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Northland Securities assumed coverage on Excelerate Energy in a research note on Monday, February 26th. They issued an “outperform” rating and a $23.00 price target for the company. Stephens assumed coverage on Excelerate Energy in a report on Tuesday, April 30th. They issued an “overweight” rating and a $21.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Excelerate Energy currently has a consensus rating of “Moderate Buy” and an average target price of $22.75.

Excelerate Energy Stock Performance

Excelerate Energy stock traded up $0.10 during midday trading on Tuesday, hitting $17.13. 71,120 shares of the company were exchanged, compared to its average volume of 210,141. The firm has a market capitalization of $1.84 billion, a PE ratio of 16.86 and a beta of 1.31. Excelerate Energy, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $22.42. The business has a fifty day simple moving average of $17.06 and a two-hundred day simple moving average of $15.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.52 and a current ratio of 3.52.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, May 8th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $200.11 million for the quarter, compared to analyst estimates of $255.26 million. Excelerate Energy had a return on equity of 1.66% and a net margin of 2.60%. On average, sell-side analysts forecast that Excelerate Energy, Inc. will post 1.28 earnings per share for the current year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. Excelerate Energy’s dividend payout ratio is currently 9.90%.

Excelerate Energy Profile

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.