US Bancorp DE Makes New $130,000 Investment in Excelerate Energy, Inc. (NYSE:EE)

US Bancorp DE bought a new stake in Excelerate Energy, Inc. (NYSE:EE) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,898 shares of the company’s stock, valued at approximately $130,000.

Other large investors have also made changes to their positions in the company. BOKF NA grew its holdings in shares of Excelerate Energy by 5.8% during the first quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after purchasing an additional 700 shares during the last quarter. nVerses Capital LLC bought a new stake in Excelerate Energy during the 2nd quarter worth about $26,000. Public Employees Retirement System of Ohio acquired a new stake in Excelerate Energy in the 1st quarter valued at about $38,000. Rhumbline Advisers raised its stake in shares of Excelerate Energy by 9.6% in the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock worth $539,000 after acquiring an additional 2,553 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in shares of Excelerate Energy by 5.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 58,203 shares of the company’s stock worth $1,073,000 after purchasing an additional 2,900 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Down 0.2 %

Shares of NYSE EE opened at $27.52 on Friday. The firm has a 50 day moving average price of $22.72 and a 200 day moving average price of $19.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a market cap of $2.95 billion, a P/E ratio of 27.89 and a beta of 1.28. Excelerate Energy, Inc. has a 52-week low of $13.38 and a 52-week high of $28.60.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business 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. Analysts expect that Excelerate Energy, Inc. will post 1.18 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 20th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Northland Securities raised their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Stephens lifted their target price on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Morgan Stanley upped their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Barclays upped their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.43.

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.