SG Americas Securities LLC Purchases 845 Shares of Excelerate Energy, Inc. (NYSE:EE)

SG Americas Securities LLC increased its holdings in Excelerate Energy, Inc. (NYSE:EE) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,141 shares of the company’s stock after purchasing an additional 845 shares during the quarter. SG Americas Securities LLC’s holdings in Excelerate Energy were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Excelerate Energy by 34.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock worth $1,102,000 after purchasing an additional 12,802 shares during the period. Ritholtz Wealth Management bought a new position in Excelerate Energy in the fourth quarter worth about $580,000. Barclays PLC lifted its holdings in Excelerate Energy by 299.8% in the third quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after buying an additional 20,113 shares during the period. PDT Partners LLC boosted its position in Excelerate Energy by 85.5% during the 3rd 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 in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $214,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EE shares. Barclays raised their target price on Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Northland Securities raised their price objective on 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 upped their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Morgan Stanley reissued an “underweight” rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.00.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $29.83 on Friday. Excelerate Energy, Inc. has a 1 year low of $13.38 and a 1 year high of $32.99. The firm’s 50-day moving average is $30.70 and its 200 day moving average is $25.10. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.90 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy (NYSE:EE) last posted its quarterly 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 prior year, the company posted $0.40 earnings per share. Sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.18 EPS for the current fiscal year.

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.