Jane Street Group LLC Decreases Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Jane Street Group LLC decreased its holdings in Excelerate Energy, Inc. (NYSE:EE) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,476 shares of the company’s stock after selling 603 shares during the quarter. Jane Street Group LLC’s holdings in Excelerate Energy were worth $627,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EE. Hotchkis & Wiley Capital Management LLC purchased a new position in Excelerate Energy in the 3rd quarter worth about $4,385,000. Algert Global LLC bought a new stake in shares of Excelerate Energy during the 2nd quarter valued at about $1,915,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Excelerate Energy during the 2nd quarter valued at about $1,569,000. Tortoise Capital Advisors L.L.C. grew its stake in shares of Excelerate Energy by 10.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 814,090 shares of the company’s stock valued at $15,012,000 after purchasing an additional 74,946 shares during the period. Finally, Marshall Wace LLP grew its stake 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 valued at $6,241,000 after purchasing an additional 74,491 shares during the period. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Up 0.6 %

Shares of NYSE:EE opened at $31.63 on Friday. The stock has a 50 day moving average of $28.96 and a 200 day moving average of $23.10. The company has a market cap of $3.36 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. 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, Inc. has a 12-month low of $13.38 and a 12-month high of $32.25.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $193.42 million during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.40 EPS. As a group, equities research analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.76%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is presently 24.24%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EE shares. Northland Securities boosted their price target on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Morgan Stanley boosted their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Stephens boosted their price target on Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Finally, 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. 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 company. According to data from MarketBeat.com, Excelerate Energy has an average rating of “Hold” and an average price target of $28.33.

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.