Jane Street Group LLC Decreases Holdings in Excelerate Energy, Inc. (NYSE:EE)

Jane Street Group LLC cut its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,476 shares of the company’s stock after selling 603 shares during the quarter. Jane Street Group LLC’s holdings in Excelerate Energy were worth $627,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EE. nVerses Capital LLC bought a new position in shares of Excelerate Energy in the second quarter worth approximately $26,000. Quarry LP grew its holdings in shares of Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Excelerate Energy in the third quarter worth approximately $94,000. US Bancorp DE bought a new position in shares of Excelerate Energy in the third quarter worth approximately $130,000. Finally, SG Americas Securities LLC bought a new position in shares of Excelerate Energy in the third quarter worth approximately $161,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Stock Performance

Shares of EE stock opened at $31.63 on Friday. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $32.25. The stock has a market cap of $3.36 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. 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 company’s fifty day moving average price is $28.96 and its 200-day moving average price is $23.10.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $194.09 million. During the same quarter in the previous year, the business posted $0.40 EPS. On average, equities analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Wednesday, November 20th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio is currently 24.24%.

Analyst Ratings Changes

Several research analysts have recently issued reports on EE shares. Stephens raised their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley lifted 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. Northland Securities lifted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, Barclays lifted 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. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.33.

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.