Excelerate Energy, Inc. $EE Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in Excelerate Energy, Inc. (NYSE:EE) by 39.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,224 shares of the company’s stock after selling 20,713 shares during the period. Pacer Advisors Inc.’s holdings in Excelerate Energy were worth $1,077,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Martingale Asset Management L P boosted its stake in Excelerate Energy by 0.4% during the 4th quarter. Martingale Asset Management L P now owns 74,192 shares of the company’s stock valued at $2,081,000 after acquiring an additional 281 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Excelerate Energy by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 195,532 shares of the company’s stock valued at $6,535,000 after purchasing an additional 633 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Excelerate Energy by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 19,317 shares of the company’s stock valued at $566,000 after purchasing an additional 670 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Excelerate Energy by 6.7% during the first quarter. Quantinno Capital Management LP now owns 11,025 shares of the company’s stock worth $368,000 after purchasing an additional 690 shares during the last quarter. Finally, Arax Advisory Partners lifted its position in shares of Excelerate Energy by 791.9% during the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after purchasing an additional 784 shares during the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company lowered their price objective on Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Stephens reaffirmed an “overweight” rating and set a $45.00 target price on shares of Excelerate Energy in a report on Thursday, July 9th. Wall Street Zen upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded Excelerate Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group began coverage on Excelerate Energy in a research report on Wednesday, July 15th. They set a “buy” rating and a $49.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Excelerate Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Excelerate Energy Stock Performance

Shares of EE opened at $34.97 on Monday. Excelerate Energy, Inc. has a 1 year low of $21.28 and a 1 year high of $43.17. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.60 and a current ratio of 1.80. The firm has a fifty day moving average of $36.73 and a 200-day moving average of $36.22.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. The business had revenue of $329.27 million for the quarter, compared to analysts’ expectations of $344.27 million. During the same quarter last year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 60.9% compared to the same quarter last year. As a group, equities analysts anticipate that Excelerate Energy, Inc. will post 1.54 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 19th. Excelerate Energy’s payout ratio is presently 22.07%.

Excelerate Energy Company Profile

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.