Sei Investments Co. Grows Position in Excelerate Energy, Inc. $EE

Sei Investments Co. raised its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 39.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 81,382 shares of the company’s stock after acquiring an additional 23,091 shares during the quarter. Sei Investments Co.’s holdings in Excelerate Energy were worth $2,720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of EE. UBS Group AG lifted its stake in shares of Excelerate Energy by 79.0% during the 4th quarter. UBS Group AG now owns 416,082 shares of the company’s stock valued at $11,671,000 after buying an additional 183,664 shares in the last quarter. NFJ Investment Group LLC bought a new position in Excelerate Energy in the 4th quarter worth approximately $2,590,000. Copeland Capital Management LLC purchased a new position in Excelerate Energy in the 4th quarter valued at approximately $30,658,000. Y Intercept Hong Kong Ltd grew its stake in Excelerate Energy by 130.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 62,018 shares of the company’s stock valued at $2,073,000 after buying an additional 35,078 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in Excelerate Energy during the 1st quarter valued at $10,862,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

Shares of EE opened at $34.97 on Friday. Excelerate Energy, Inc. has a 12-month low of $21.28 and a 12-month high of $43.17. The company has a current ratio of 1.80, a quick ratio of 2.60 and a debt-to-equity ratio of 0.52. The company has a market cap of $3.98 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The stock has a 50-day moving average price of $36.73 and a 200-day moving average price of $36.20.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $329.27 million for the quarter, compared to analysts’ expectations of $344.27 million. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. Excelerate Energy’s revenue for the quarter was up 60.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, equities analysts forecast that Excelerate Energy, Inc. will post 1.52 earnings per share 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. Stockholders of record on Wednesday, August 19th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.08. Excelerate Energy’s payout ratio is currently 26.02%.

Wall Street Analyst Weigh In

EE has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. The Goldman Sachs Group began coverage on Excelerate Energy in a research note on Wednesday, July 15th. They set a “buy” rating and a $49.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $42.00 price objective on shares of Excelerate Energy in a report on Friday, May 8th. Northland Securities set a $48.00 target price on Excelerate Energy in a research note on Friday, May 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $48.00 target price on shares of Excelerate Energy in a report on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.73.

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.