Pacer Advisors Inc. Sells 5,837 Shares of Excelerate Energy, Inc. (NYSE:EE)

Pacer Advisors Inc. lowered its holdings in Excelerate Energy, Inc. (NYSE:EE) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,282 shares of the company’s stock after selling 5,837 shares during the quarter. Pacer Advisors Inc.’s holdings in Excelerate Energy were worth $1,430,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EE. Ritholtz Wealth Management acquired a new stake in shares of Excelerate Energy in the fourth quarter worth $580,000. JPMorgan Chase & Co. grew its position in Excelerate Energy by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock worth $1,102,000 after purchasing an additional 12,802 shares during the period. Barclays PLC grew its position in Excelerate Energy by 299.8% during the 3rd quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after purchasing an additional 20,113 shares during the period. PDT Partners LLC raised its stake in shares of Excelerate Energy by 85.5% during the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock valued at $1,034,000 after buying an additional 21,645 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Excelerate Energy in the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 3.8 %

Shares of NYSE:EE opened at $29.76 on Monday. The company has a market cap of $3.16 billion, a PE ratio of 30.06, a P/E/G ratio of 1.95 and a beta of 1.42. The company’s 50 day moving average is $30.67 and its two-hundred day moving average is $24.87. Excelerate Energy, Inc. has a 52 week low of $13.38 and a 52 week high of $32.99. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 company had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. During the same quarter last year, the company posted $0.40 earnings per share. Equities analysts predict that Excelerate Energy, Inc. will post 1.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Wells Fargo & Company upped their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Northland Securities raised their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Barclays upped their price target on Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.00.

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.