10Elms LLP Invests $76,000 in Excelerate Energy, Inc. (NYSE:EE)

10Elms LLP bought a new stake in Excelerate Energy, Inc. (NYSE:EE) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,500 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Two Sigma Advisers LP grew its holdings in shares of Excelerate Energy by 9.1% during the fourth quarter. Two Sigma Advisers LP now owns 219,700 shares of the company’s stock worth $6,646,000 after purchasing an additional 18,400 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Excelerate Energy by 0.9% in the 4th quarter. Two Sigma Investments LP now owns 221,162 shares of the company’s stock valued at $6,690,000 after purchasing an additional 2,035 shares during the period. Tidal Investments LLC purchased a new position in Excelerate Energy during the 4th quarter worth approximately $447,000. Millennium Management LLC grew its stake in Excelerate Energy by 12.0% during the 4th quarter. Millennium Management LLC now owns 327,534 shares of the company’s stock worth $9,908,000 after buying an additional 35,199 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Excelerate Energy by 489.7% during the fourth quarter. Lazard Asset Management LLC now owns 23,572 shares of the company’s stock worth $712,000 after buying an additional 19,575 shares during the period. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $29.42 on Wednesday. The stock has a fifty day moving average price of $27.34 and a 200 day moving average price of $28.92. Excelerate Energy, Inc. has a 1-year low of $16.70 and a 1-year high of $32.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market cap of $3.12 billion, a PE ratio of 29.72, a P/E/G ratio of 5.82 and a beta of 1.39.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $315.09 million during the quarter, compared to the consensus estimate of $207.87 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy’s payout ratio is 16.33%.

Wall Street Analyst Weigh In

EE has been the subject of several research analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Wells Fargo & Company reiterated an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Barclays lifted their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, Stephens reaffirmed an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.17.

Excelerate Energy Company 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.