Excelerate Energy, Inc. $EE Stake Decreased by Trexquant Investment LP

Trexquant Investment LP lessened its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 49.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,634 shares of the company’s stock after selling 47,495 shares during the period. Trexquant Investment LP’s holdings in Excelerate Energy were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EE. OMERS ADMINISTRATION Corp acquired a new position in shares of Excelerate Energy during the first quarter valued at approximately $250,000. Jump Financial LLC acquired a new position in shares of Excelerate Energy during the first quarter valued at approximately $1,166,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Excelerate Energy by 7.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 237,780 shares of the company’s stock valued at $6,820,000 after acquiring an additional 15,760 shares during the period. Martingale Asset Management L P increased its stake in shares of Excelerate Energy by 16.6% during the first quarter. Martingale Asset Management L P now owns 59,462 shares of the company’s stock valued at $1,705,000 after acquiring an additional 8,446 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Excelerate Energy by 8.9% during the first quarter. Quantbot Technologies LP now owns 42,469 shares of the company’s stock valued at $1,218,000 after acquiring an additional 3,455 shares during the period. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 0.3%

NYSE:EE opened at $23.67 on Friday. The stock has a fifty day simple moving average of $25.36 and a 200 day simple moving average of $27.30. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 17.40 and a beta of 1.38. Excelerate Energy, Inc. has a 1-year low of $17.70 and a 1-year high of $32.99.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Excelerate Energy had a net margin of 3.64% and a return on equity of 4.16%. The company had revenue of $204.60 million during the quarter, compared to analyst estimates of $259.82 million. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 20th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.06. Excelerate Energy’s dividend payout ratio (DPR) is 23.53%.

Analyst Upgrades and Downgrades

EE has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 24th. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They set a “buy” rating and a $39.00 price objective on the stock. Wells Fargo & Company set a $26.00 price objective on shares of Excelerate Energy in a research note on Monday, August 11th. Finally, Citigroup reiterated an “outperform” rating on shares of Excelerate Energy in a research note on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.86.

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.