US Bancorp DE Invests $130,000 in Excelerate Energy, Inc. (NYSE:EE)

US Bancorp DE bought a new position in shares of Excelerate Energy, Inc. (NYSE:EE) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 5,898 shares of the company’s stock, valued at approximately $130,000.

Other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of Excelerate Energy during the 1st quarter worth about $2,202,000. Bailard Inc. bought a new stake in Excelerate Energy in the second quarter valued at approximately $297,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Excelerate Energy in the first quarter valued at approximately $118,000. Marshall Wace LLP increased its holdings in shares of Excelerate Energy by 28.2% during the 2nd quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after acquiring an additional 74,491 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Excelerate Energy by 836.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 35,707 shares of the company’s stock valued at $658,000 after acquiring an additional 31,892 shares during the period. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EE shares. Morgan Stanley increased their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday. Stephens boosted their price objective on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Northland Securities increased their target price on Excelerate Energy from $25.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Barclays boosted their price target on 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 increased their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.43.

Excelerate Energy Stock Down 0.2 %

Shares of EE opened at $27.52 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy, Inc. has a 52 week low of $13.38 and a 52 week high of $28.60. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 27.89 and a beta of 1.28. The stock has a fifty day moving average of $22.72 and a 200-day moving average of $19.93.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same period last year, the firm posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.18 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, November 20th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio 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.