nVerses Capital LLC Makes New $26,000 Investment in Excelerate Energy, Inc. (NYSE:EE)

nVerses Capital LLC purchased a new stake in shares of Excelerate Energy, Inc. (NYSE:EE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,400 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in Excelerate Energy during the 1st quarter valued at $26,000. Public Employees Retirement System of Ohio purchased a new position in Excelerate Energy in the first quarter valued at about $38,000. Allspring Global Investments Holdings LLC bought a new position in Excelerate Energy in the first quarter worth about $118,000. BOKF NA lifted its position in shares of Excelerate Energy by 5.8% during the first quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after buying an additional 700 shares during the last quarter. Finally, Bailard Inc. bought a new stake in shares of Excelerate Energy in the 2nd quarter valued at about $297,000. 21.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EE has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and set a $21.00 target price on shares of Excelerate Energy in a research report on Tuesday, July 9th. Northland Securities increased their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Wells Fargo & Company cut Excelerate Energy from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $19.00 in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.00.

Excelerate Energy Trading Down 2.0 %

NYSE:EE opened at $17.93 on Friday. The company has a market capitalization of $1.92 billion, a P/E ratio of 17.75 and a beta of 1.29. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.35. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $20.66. The firm has a fifty day simple moving average of $19.06 and a 200-day simple moving average of $17.47.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The firm had revenue of $183.33 million for the quarter, compared to analyst estimates of $259.14 million. Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. During the same period in the prior year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Excelerate Energy, Inc. will post 1.14 earnings per share for the current year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a $0.025 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.10 annualized dividend and a yield of 0.56%. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.90%.

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.