Russell Investments Group Ltd. Lowers Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Russell Investments Group Ltd. lowered its position in shares of Excelerate Energy, Inc. (NYSE:EEFree Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,960 shares of the company’s stock after selling 15,030 shares during the period. Russell Investments Group Ltd. owned 0.14% of Excelerate Energy worth $2,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Excelerate Energy by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 128,479 shares of the company’s stock worth $2,189,000 after acquiring an additional 3,253 shares during the last quarter. Strs Ohio increased its position in shares of Excelerate Energy by 4.5% in the third quarter. Strs Ohio now owns 30,000 shares of the company’s stock worth $511,000 after purchasing an additional 1,300 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Excelerate Energy by 40.7% in the third quarter. Panagora Asset Management Inc. now owns 20,142 shares of the company’s stock valued at $343,000 after purchasing an additional 5,830 shares in the last quarter. Victory Capital Management Inc. lifted its position in Excelerate Energy by 64.4% during the third quarter. Victory Capital Management Inc. now owns 18,152 shares of the company’s stock valued at $309,000 after purchasing an additional 7,108 shares during the last quarter. Finally, Swiss National Bank grew its stake in Excelerate Energy by 2.0% in the 3rd quarter. Swiss National Bank now owns 40,400 shares of the company’s stock worth $688,000 after buying an additional 800 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock opened at $18.60 on Wednesday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 18.42 and a beta of 1.30. Excelerate Energy, Inc. has a one year low of $13.38 and a one year high of $22.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.52 and a quick ratio of 3.42. The business’s 50 day simple moving average is $16.34 and its two-hundred day simple moving average is $15.77.

Excelerate Energy (NYSE:EEGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). The firm had revenue of $240.06 million for the quarter, compared to analysts’ expectations of $265.31 million. Excelerate Energy had a net margin of 2.60% and a return on equity of 1.66%. Analysts forecast that Excelerate Energy, Inc. will post 1.27 EPS for the current year.

Excelerate Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, May 21st. Excelerate Energy’s dividend payout ratio (DPR) is currently 9.90%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EE. Raymond James dropped their price objective on shares of Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, January 19th. StockNews.com upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Stephens began coverage on Excelerate Energy in a report on Tuesday, April 30th. They set an “overweight” rating and a $21.00 price objective on the stock. Morgan Stanley cut their target price on Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th. Finally, Northland Securities initiated coverage on shares of Excelerate Energy in a research note on Monday, February 26th. They set an “outperform” rating and a $23.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Excelerate Energy presently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Check Out Our Latest Analysis on Excelerate Energy

Excelerate Energy Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Excelerate Energy (NYSE:EE)

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