Dynamic Technology Lab Private Ltd Trims Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Dynamic Technology Lab Private Ltd decreased its holdings in Excelerate Energy, Inc. (NYSE:EE) by 59.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,123 shares of the company’s stock after selling 16,052 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Excelerate Energy were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in Excelerate Energy in the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Excelerate Energy during the 1st quarter valued at $38,000. US Bancorp DE acquired a new stake in shares of Excelerate Energy during the 3rd quarter worth $130,000. SG Americas Securities LLC purchased a new position in shares of Excelerate Energy in the 3rd quarter worth $161,000. Finally, Victory Capital Management Inc. acquired a new position in Excelerate Energy in the third quarter valued at $214,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Trading Up 0.9 %

EE opened at $30.97 on Monday. The firm’s 50 day moving average is $25.05 and its 200-day moving average is $20.88. Excelerate Energy, Inc. has a 52-week low of $13.38 and a 52-week high of $31.89. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3.29 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.25 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm had revenue of $193.42 million for the quarter, compared to the consensus estimate of $194.09 million. During the same quarter in the previous year, the firm posted $0.40 EPS. Analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio is currently 24.24%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stephens raised their price objective on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Barclays raised their price target on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley raised their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Wells Fargo & Company boosted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Finally, Northland Securities raised their target price on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.67.

About Excelerate Energy

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.