Barclays PLC Buys 20,113 Shares of Excelerate Energy, Inc. (NYSE:EE)

Barclays PLC lifted its stake in Excelerate Energy, Inc. (NYSE:EE) by 299.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,822 shares of the company’s stock after buying an additional 20,113 shares during the period. Barclays PLC’s holdings in Excelerate Energy were worth $591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace LLP grew its stake in Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after buying an additional 74,491 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Excelerate Energy by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock valued at $4,597,000 after purchasing an additional 18,282 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Excelerate Energy in the 3rd quarter valued at $4,385,000. Jacobs Levy Equity Management Inc. boosted its stake in Excelerate Energy by 40.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after purchasing an additional 52,007 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Excelerate Energy by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock worth $3,252,000 after purchasing an additional 20,661 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stephens increased their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley lifted their target price on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Barclays boosted their target price on Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company raised their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Excelerate Energy has an average rating of “Hold” and a consensus target price of $29.43.

Excelerate Energy Stock Up 0.6 %

Shares of Excelerate Energy stock opened at $32.13 on Friday. The business has a fifty day simple moving average of $29.94 and a 200 day simple moving average of $23.83. The stock has a market cap of $3.41 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $32.26.

Excelerate Energy (NYSE:EE) last posted its 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. The company had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period in the previous year, the company earned $0.40 EPS. Research analysts predict that Excelerate Energy, Inc. will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.75%. The ex-dividend date was Wednesday, November 20th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s dividend payout ratio is presently 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.