Y Intercept Hong Kong Ltd Boosts Stake in Excelerate Energy, Inc. $EE

Y Intercept Hong Kong Ltd grew its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 130.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,018 shares of the company’s stock after acquiring an additional 35,078 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Excelerate Energy were worth $2,073,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Arax Advisory Partners grew its holdings in shares of Excelerate Energy by 791.9% during the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after purchasing an additional 784 shares during the period. Global Retirement Partners LLC acquired a new stake in Excelerate Energy during the 4th quarter worth approximately $33,000. Essex Investment Management Co. LLC purchased a new position in Excelerate Energy in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC purchased a new position in Excelerate Energy in the fourth quarter valued at approximately $56,000. Finally, Tower Research Capital LLC TRC lifted its position in Excelerate Energy by 157.1% during 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. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Price Performance

EE opened at $39.53 on Thursday. Excelerate Energy, Inc. has a twelve month low of $21.28 and a twelve month high of $43.17. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 1.41 and a beta of 1.23. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $35.20 and a 200 day simple moving average of $34.81.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $433.44 million during the quarter, compared to analysts’ expectations of $351.68 million. Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The business’s quarterly revenue was up 37.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. Equities research analysts expect that Excelerate Energy, Inc. will post 1.52 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Excelerate Energy’s dividend payout ratio is currently 26.02%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EE. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company reduced their target price on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday, June 24th. Northland Securities set a $48.00 price target on Excelerate Energy in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $42.00 price objective on shares of Excelerate Energy in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Excelerate Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.33.

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.