23,387 Shares in Excelerate Energy, Inc. $EE Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Excelerate Energy, Inc. (NYSE:EE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 23,387 shares of the company’s stock, valued at approximately $589,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in shares of Excelerate Energy by 19.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,438 shares of the company’s stock worth $61,000 after purchasing an additional 392 shares during the period. Bailard Inc. raised its stake in Excelerate Energy by 1.6% in the third quarter. Bailard Inc. now owns 25,500 shares of the company’s stock worth $642,000 after buying an additional 400 shares in the last quarter. Summit Global Investments lifted its holdings in Excelerate Energy by 3.2% in the third quarter. Summit Global Investments now owns 12,973 shares of the company’s stock worth $327,000 after buying an additional 406 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Excelerate Energy by 32.8% during the 3rd quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock worth $52,000 after acquiring an additional 514 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in shares of Excelerate Energy by 31.3% in 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. 21.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Northland Securities set a $50.00 price target on Excelerate Energy in a research report on Friday, January 30th. Raymond James Financial upgraded shares of Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Monday, January 5th. Tudor Pickering raised shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $44.00 price target on shares of Excelerate Energy in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.44.

Excelerate Energy Trading Up 2.0%

NYSE:EE opened at $40.32 on Friday. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.25 and a beta of 1.36. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average price is $34.79 and its 200-day moving average price is $29.03. Excelerate Energy, Inc. has a 52 week low of $21.28 and a 52 week high of $43.07.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Excelerate Energy had a net margin of 3.19% and a return on equity of 4.18%. The business had revenue of $317.57 million during the quarter, compared to the consensus estimate of $293.49 million. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts forecast that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, March 11th. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

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

Excelerate Energy 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.