Excelerate Energy, Inc. (NYSE:EE) Stake Cut by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 59.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,123 shares of the company’s stock after selling 16,052 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Excelerate Energy were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. nVerses Capital LLC acquired a new position in shares of Excelerate Energy in the 2nd quarter valued at about $26,000. Public Employees Retirement System of Ohio acquired a new position in Excelerate Energy in the first quarter valued at approximately $38,000. US Bancorp DE bought a new position in shares of Excelerate Energy during the third quarter valued at approximately $130,000. SG Americas Securities LLC acquired a new stake in shares of Excelerate Energy during the 3rd quarter worth approximately $161,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Excelerate Energy in the 3rd quarter worth approximately $214,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stephens upped their price objective on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Northland Securities upped their price target on shares of Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Morgan Stanley increased their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Barclays boosted their target price on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company raised their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.67.

Excelerate Energy Stock Performance

EE stock opened at $30.97 on Monday. The company has a 50-day simple moving average of $25.05 and a 200 day simple moving average of $20.88. The company has a market capitalization of $3.29 billion, a P/E ratio of 31.28, a PEG ratio of 2.25 and a beta of 1.28. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $31.89.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. During the same period last year, the firm posted $0.40 earnings per share. Sell-side analysts predict that Excelerate Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. Excelerate Energy’s dividend payout ratio (DPR) is 24.24%.

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.