State Street Corp Has $9.13 Million Position in Excelerate Energy, Inc. (NYSE:EE)

State Street Corp lessened its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 0.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 414,789 shares of the company’s stock after selling 3,646 shares during the period. State Street Corp owned 0.39% of Excelerate Energy worth $9,130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PDT Partners LLC increased its position in shares of Excelerate Energy by 85.5% in the third quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock valued at $1,034,000 after acquiring an additional 21,645 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Excelerate Energy in the third quarter valued at approximately $214,000. US Bancorp DE bought a new stake in Excelerate Energy in the third quarter valued at approximately $130,000. Marshall Wace LLP lifted its position in shares of Excelerate Energy by 28.2% in the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after buying an additional 74,491 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Excelerate Energy by 836.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,707 shares of the company’s stock worth $658,000 after acquiring an additional 31,892 shares during the period. Institutional investors own 21.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EE shares. Morgan Stanley increased their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Northland Securities boosted their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Wells Fargo & Company raised their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Stephens boosted their price target on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Barclays raised their price objective on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.33.

Excelerate Energy Stock Down 0.3 %

Shares of NYSE:EE opened at $30.45 on Friday. Excelerate Energy, Inc. has a 12-month low of $13.38 and a 12-month high of $32.25. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $28.07 and its 200-day moving average price is $22.54. The stock has a market capitalization of $3.24 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $194.09 million. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts anticipate that Excelerate Energy, Inc. will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.06 per share. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. Excelerate Energy’s dividend payout ratio (DPR) is currently 24.24%.

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.