Pacer Advisors Inc. Boosts Stake in Excelerate Energy, Inc. (NYSE:EE)

Pacer Advisors Inc. grew its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 32.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 62,570 shares of the company’s stock after acquiring an additional 15,288 shares during the period. Pacer Advisors Inc. owned about 0.06% of Excelerate Energy worth $1,795,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System grew its holdings in shares of Excelerate Energy by 1,467.0% during the 1st quarter. New York State Teachers Retirement System now owns 1,567 shares of the company’s stock worth $45,000 after acquiring an additional 1,467 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in shares of Excelerate Energy in the 1st quarter worth approximately $1,400,000. GAMMA Investing LLC boosted its position in shares of Excelerate Energy by 4,503.2% in the 1st quarter. GAMMA Investing LLC now owns 12,935 shares of the company’s stock worth $371,000 after purchasing an additional 12,654 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Excelerate Energy by 55.1% in the 1st quarter. Ritholtz Wealth Management now owns 29,752 shares of the company’s stock worth $853,000 after purchasing an additional 10,574 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Excelerate Energy in the 4th quarter worth approximately $418,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on EE shares. Wall Street Zen cut Excelerate Energy from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Jefferies Financial Group started coverage on Excelerate Energy in a research report on Thursday, June 5th. They issued a “buy” rating and a $39.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Excelerate Energy has an average rating of “Hold” and an average price target of $32.29.

Excelerate Energy Stock Performance

EE stock opened at $24.73 on Wednesday. The stock has a market capitalization of $2.82 billion, a PE ratio of 16.83 and a beta of 1.40. Excelerate Energy, Inc. has a 12-month low of $17.54 and a 12-month high of $32.99. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $28.37 and its 200 day simple moving average is $28.50.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The business had revenue of $315.09 million for the quarter, compared to analysts’ expectations of $207.87 million. Excelerate Energy had a return on equity of 2.20% and a net margin of 3.93%. Excelerate Energy’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, research analysts forecast that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. Excelerate Energy’s payout ratio is 16.33%.

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.