Excelerate Energy, Inc. (NYSE:EE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Excelerate Energy, Inc. (NYSE:EE) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,334 shares of the company’s stock after acquiring an additional 20,661 shares during the quarter. Dimensional Fund Advisors LP owned about 0.16% of Excelerate Energy worth $3,252,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. nVerses Capital LLC bought a new position in shares of Excelerate Energy during the 2nd quarter valued at about $26,000. Public Employees Retirement System of Ohio bought a new position in shares of Excelerate Energy in the first quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC acquired a new position in Excelerate Energy in the 1st quarter valued at $118,000. BOKF NA raised its holdings in Excelerate Energy by 5.8% in the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after acquiring an additional 700 shares during the period. Finally, Quest Partners LLC lifted its position in Excelerate Energy by 59.9% during the 2nd quarter. Quest Partners LLC now owns 11,468 shares of the company’s stock worth $211,000 after acquiring an additional 4,294 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Analyst Upgrades and Downgrades

EE has been the topic of several research analyst reports. Stephens reaffirmed an “overweight” rating and set a $21.00 price objective on shares of Excelerate Energy in a research note on Friday, October 4th. Northland Securities raised their price target on Excelerate Energy from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Company cut shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $20.00 to $19.00 in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Excelerate Energy Price Performance

Shares of EE opened at $22.55 on Friday. The business has a 50-day simple moving average of $19.97 and a two-hundred day simple moving average of $18.42. Excelerate Energy, Inc. has a 12-month low of $13.38 and a 12-month high of $23.58. The stock has a market cap of $2.42 billion, a PE ratio of 22.33 and a beta of 1.32. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $183.33 million during the quarter, compared to the consensus estimate of $259.14 million. Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Analysts anticipate that Excelerate Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Wednesday, August 21st. Excelerate Energy’s dividend payout ratio is 9.90%.

Excelerate Energy Company 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.