Quarry LP Sells 1,657 Shares of Excelerate Energy, Inc. (NYSE:EE)

Quarry LP trimmed its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 54.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,413 shares of the company’s stock after selling 1,657 shares during the quarter. Quarry LP’s holdings in Excelerate Energy were worth $26,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Excelerate Energy in the first quarter valued at $26,000. nVerses Capital LLC acquired a new position in shares of Excelerate Energy in the second quarter worth approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy during the 1st quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC bought a new position in Excelerate Energy during the 1st quarter worth approximately $118,000. Finally, BOKF NA lifted its position in shares of Excelerate Energy by 5.8% in the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after purchasing an additional 700 shares during the period. 21.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on EE. Stephens reiterated an “overweight” rating and set a $21.00 price target on shares of Excelerate Energy in a report on Friday. Northland Securities boosted their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Company lowered shares of Excelerate Energy from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $20.00 to $19.00 in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Excelerate Energy currently has an average rating of “Hold” and a consensus price target of $22.00.

Excelerate Energy Trading Down 0.4 %

NYSE:EE opened at $23.04 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.43 and a quick ratio of 3.43. Excelerate Energy, Inc. has a one year low of $13.38 and a one year high of $23.58. The company has a market cap of $2.47 billion, a PE ratio of 22.81 and a beta of 1.32. The firm has a 50-day moving average of $19.78 and a 200-day moving average of $18.29.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $183.33 million during the quarter, compared to the consensus estimate of $259.14 million. Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. During the same quarter in the prior year, the business earned $0.23 EPS. As a group, equities research analysts expect that Excelerate Energy, Inc. will post 1.14 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.43%. Excelerate Energy’s dividend payout ratio is currently 9.90%.

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.