Excelerate Energy (NYSE:EE) Stock: Insider Hood Alisa Newman Sells 6,269 Shares

Excelerate Energy, Inc. (NYSE:EE) insider Hood Alisa Newman sold 6,269 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $38.29, for a total transaction of $240,040.01. Following the completion of the sale, the insider directly owned 32,827 shares of the company’s stock, valued at approximately $1,256,945.83. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Excelerate Energy Stock Performance

NYSE EE traded up $0.15 during trading hours on Thursday, hitting $38.17. The company had a trading volume of 342,857 shares, compared to its average volume of 408,137. The business has a 50 day moving average of $35.08 and a 200-day moving average of $36.10. The company has a market cap of $4.33 billion, a PE ratio of 26.14 and a beta of 1.23. Excelerate Energy, Inc. has a 1-year low of $25.67 and a 1-year high of $43.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.80 and a current ratio of 1.95.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, November 4th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Excelerate Energy had a return on equity of 2.13% and a net margin of 3.47%. The business had revenue of $297.21 million for the quarter, compared to analysts’ expectations of $365.99 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was down 24.0% compared to the same quarter last year. As a group, equities research analysts expect that Excelerate Energy, Inc. will post 1.62 EPS for the current year.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.36 annualized dividend and a yield of 0.9%. Excelerate Energy’s payout ratio is 24.66%.

Institutional Trading of Excelerate Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in EE. Public Employees Retirement System of Ohio purchased a new position in shares of Excelerate Energy in the 2nd quarter valued at approximately $1,266,000. Ranger Investment Management L.P. acquired a new position in shares of Excelerate Energy in the second quarter valued at approximately $34,658,000. Renaissance Technologies LLC increased its holdings in shares of Excelerate Energy by 132.9% in the first quarter. Renaissance Technologies LLC now owns 285,519 shares of the company’s stock valued at $9,542,000 after purchasing an additional 162,919 shares during the period. Wellington Management Group LLP raised its stake in shares of Excelerate Energy by 26.8% during the second quarter. Wellington Management Group LLP now owns 3,339,759 shares of the company’s stock worth $126,877,000 after purchasing an additional 705,587 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Excelerate Energy during the first quarter worth approximately $1,028,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EE shares. DNB Markets set a $39.00 price objective on Excelerate Energy in a report on Wednesday, October 28th. Weiss Ratings cut shares of Excelerate Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. The Goldman Sachs Group assumed coverage on shares of Excelerate Energy in a research report on Wednesday, July 15th. They issued a “buy” rating and a $49.00 price target for the company. Dnb Carnegie upgraded shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $50.00 price target on shares of Excelerate Energy in a research note on Monday, September 21st. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $44.20.

About Excelerate Energy

Excelerate Energy, Inc. is an energy company focused on liquefied natural gas (LNG) infrastructure and delivery. Its services include LNG transportation and supply, floating storage and regasification units (FSRUs), and the development and operation of LNG terminals that connect imported gas to local energy markets. Founded in 2003, the company helped establish the use of FSRUs as a flexible alternative to land-based LNG import terminals. Excelerate serves customers in multiple regions, including Europe, Asia, and South America, supporting countries seeking to diversify gas supplies or expand access to natural gas.