Excelerate Energy, Inc. $EE Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 29.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 924,123 shares of the company’s stock after buying an additional 207,771 shares during the period. TimesSquare Capital Management LLC’s holdings in Excelerate Energy were worth $23,279,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in Excelerate Energy during the 2nd quarter worth approximately $30,000. State of Alaska Department of Revenue purchased a new position in Excelerate Energy in the third quarter valued at $30,000. New York State Teachers Retirement System raised its stake in Excelerate Energy by 32.8% in the third quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock valued at $52,000 after buying an additional 514 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Excelerate Energy by 157.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after buying an additional 1,186 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Excelerate Energy by 31.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,352 shares of the company’s stock worth $69,000 after acquiring an additional 561 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Trading Up 3.6%

Shares of EE opened at $41.83 on Monday. Excelerate Energy, Inc. has a twelve month low of $21.28 and a twelve month high of $41.93. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $4.77 billion, a P/E ratio of 29.05, a PEG ratio of 1.33 and a beta of 1.36. The firm’s 50-day moving average is $31.85 and its two-hundred day moving average is $27.86.

Excelerate Energy declared that its board has authorized a share buyback program on Thursday, December 11th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley set a $30.00 price target on shares of Excelerate Energy and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $44.00 price target on shares of Excelerate Energy in a research note on Friday, February 6th. Wall Street Zen raised shares of Excelerate Energy from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Finally, Raymond James Financial raised Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued 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 “Moderate Buy” and a consensus price target of $35.50.

About Excelerate Energy

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.