440,876 Shares in Excelerate Energy, Inc. $EE Purchased by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP purchased a new position in shares of Excelerate Energy, Inc. (NYSE:EE) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 440,876 shares of the company’s stock, valued at approximately $12,926,000. Excelerate Energy accounts for 0.3% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EE. Emerald Advisers LLC bought a new stake in Excelerate Energy during the 2nd quarter valued at about $11,740,000. Nuveen LLC bought a new stake in Excelerate Energy during the 1st quarter valued at about $7,102,000. Emerald Mutual Fund Advisers Trust bought a new stake in Excelerate Energy during the 2nd quarter valued at about $6,427,000. Russell Investments Group Ltd. lifted its holdings in Excelerate Energy by 45.9% during the 1st quarter. Russell Investments Group Ltd. now owns 435,948 shares of the company’s stock valued at $12,503,000 after buying an additional 137,120 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Excelerate Energy during the 1st quarter valued at about $2,886,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Up 2.7%

EE stock opened at $26.28 on Thursday. The firm’s fifty day simple moving average is $25.40 and its 200-day simple moving average is $26.58. The company has a market capitalization of $3.00 billion, a P/E ratio of 19.32 and a beta of 1.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 2.60. Excelerate Energy, Inc. has a 12 month low of $21.28 and a 12 month high of $32.99.

Excelerate Energy (NYSE:EE) last posted its earnings results on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The firm had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $259.82 million. Excelerate Energy’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts forecast that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Wednesday, November 19th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, November 19th. Excelerate Energy’s payout ratio is currently 23.53%.

Analyst Ratings Changes

Several research firms have recently commented on EE. DNB Markets set a $31.00 price target on shares of Excelerate Energy in a report on Wednesday, September 10th. Jefferies Financial Group set a $37.00 price objective on shares of Excelerate Energy and gave the stock a “buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. initiated coverage on shares of Excelerate Energy in a research note on Monday, September 8th. They set a “neutral” rating and a $30.00 price objective for the company. Citigroup reiterated an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Excelerate Energy in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Excelerate Energy currently has an average rating of “Hold” and a consensus target price of $32.25.

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.